I would encourage to have reserves if you keep the property floating along.

But a society where all want to be Captain, who's going to be Janitor? 

This provides a solid incentive to encourage payment.

It looks to me like, prompted or not, a lot of cheerleaders showed up to encourage the OP to dive on in, the water is fine.

So, owners mistakenly think price is the only differentiator – and look for a PMC like they’d shop for groceries☹We encourage you to learn from the mistakes of others by reading posts here on BiggerPockets from owners that picked a PMC solely by price and regretted it.We recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Even if someone gives you a referral, do NOT make the mistake of assuming that just because a PMC met their expectations, they’ll meet your expectations.

I recall when I first got on BP you had what i call the Welcome Wagon posters I know BP encouraged a certain amount of this..

At times, I’ve wondered if we’re late to the game, but a recent BP podcast about starting in your 40s gave me a fresh dose of encouragement.

showing any true profit or 'cash flow' in the first few years is just making things up and ignoring transaction and holding costs.i get the appeal of midwest prices, but if at all possible i'd encourage you to stay within a couple hours of where you live. 

Multifamily mindset has recruited students from all walks of life such as teachers, medical doctors, veterans, real estate agents, business men, and I was included into a group (multifamily mindset encourages students to form groups) and one of them is a veteran who is divorced, has kids to support, not employed during that time, got a loan of $40,000 for the tuition.

I would encourage you to buy a duplex next as you should always have a rent check coming in.If you do not have cash flowing duplexes by you, you can find an investor friendly Realtor, like in this forum, and consider places that do cashflow like Michigan and they can introduce you to the rest of the team that you will need.To Your Success!