Any suggestions on a comparable program would be greatly appreciate. 

The initial cost seem low compared to other businesses.

I personally just use zillow to see what other comparable rentals are listed for.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I have looked at comparable properties in my area and the 1 beds should be more like 1300 - 1400 while the 2beds should be 1500 - 1600.  

However, taxpayers who can show that the time they devote to real estate activities is insubstantial compared to the time devoted to their normal occupation may be able to preserve capital gain treatment, despite some frequency in sales.

Most price points saw a mild contraction this week compared to last.

So, it's not about catering to the whimsy of folks who just want to live in world class cities, it's about keeping the critical elements of a vibrant city all getting what they need so they continue to stick around and contribute. 

I probably will be better off financially increasing the rent to market value immediately but that doesn't mean the human elements shouldn't be considered too when this is my business.   

While I wouldn't be happy losing an earnest money deposit or ending up in a bad investment, comparatively that's not a lot compared to other complete strangers I have relied on.