Keep it simple....Second, the late fee is belong to landlord, PM can only take 10% of it.

Our housing prices are insanely high to begin with.We take adjustable rate mortgages at levels you would never see in the US.

Why not take like a 100k HELOC and use that to do a few deals with financing? 

It takes time, hard work, passion, and dedication - all of which I already possess and use in my everyday life.

Seems like word would get out, but maybe there are enough smaller vendors looking for work that they're willing to take a chance.I remember back in the day there were issues with banks/lenders wanting us to take on AP for them with all the property preservations. 

However, I view it as either a) saving $3500/month for the new home or b) earning $1400/month cashflow from the rental.

I see a lot of discussion here about maximizing profits and adding clauses to leases so that tenants take more responsibility for things, but I'm interested to know some advice about how to take better care of tenants to build up a good reputation and practice business in a fair and compassionate way.

Take Action!

This is because they have risk and take effort.

I was thinking a percentage split or different take o on a short term  loan with a buy out at so many months.