She's lived there for over three months and hadn't set up her own utility accounts or paid her deposit.

If you don't mind me asking what do you mean by get set up on Collaboration?

It works sort of like this, but not exactly, so only use this as a guideline: deduct the closing costs from your loan amount, then using your actual loan payment, calculate what the interest rate would be on this amount instead of your actual loan amount.

The asset management fee can be a set price/year, but is more commonly a percentage of value. 

They don't only charge $7 a month per unit and the set up fee isn't too bad from what I remember

@Jay Hinrichs your exactly right.

James Wise We pulled the trigger on a property with that exact thought in mind, thanks for the insight!

IF you are set on that you want them to grow with you then you can set a number and a dollar figure for this position. 

Eventually, Jonathan set a clear expectation with me that I would receive rent by the 20th of each month.

From a tax perspective, how exactly does this work?