If so, then I think you are getting a raw deal as the GC firm will be taking 67% of the profit at the investor level as well as taking margin at the contractor level. 

Keep making those little improvements for your tenants and get those rents up to market level!

Low inventory and high level of rehab compared to similar nearby actives led to multiple offers over asking price.

Hello, I’m currently in the process of getting a pre-approval to purchase A apartment building. lender is asking for a Resume updated (for experience level).

From a macro level the region is strong and diverse economically, while still being fairly affordable for the rents a good unit will demand. 

Get to know them on a personal level.

There's a few reasons they probably have that in their contract:previously got burned from negligenceknow they are low quality and want to protect themselvesunreasonable professionalsI understand PM firms have to protect themselves but there also needs to be a level of accountability. 

@Jack B.At what level of cashflow did you hire a CPA?

As for my background in REI, it's still at the beginner level.

The home needs gutted (Done), complete electrical and plumbing and foundational (leveling floors)work.