if a brand new investor is working with a private money lender, it's almost like one party is taking advantage of the other (not saying it's intentional)

Find 3rd party ways to verify the owner and employment as described. it would be very odd to have both an employer and landlord in two different states thousands of miles away that share an area code with the perspective tenant that is not in the market the home market of the PM or the employer.

It is best to establish a 3rd party servicing company to oversee these payments as you do not want to send this money directly to the seller as they may not actually make the payment and then you could see your house foreclosed on by the lender.

The mortgages should be extinguished by by the tax sale as all interested parties are to be notified prior to tax sale.

The role of a PM is to be your partner in managing your property, good partners communicate to each other constantly & never leave the other party in the dark.

@Devon Moore yikes, that is a bold move to not allow a free trial or testing on there part. I

No 1 person, party, group or anything can take credit for that, it was people being decent people, doing the best they could vs this insane political-everything obsession tribalism today! 

That being said, we focus on micro units (1-2 guests max) and have no problem having our units booked every weekend with scattered weekdays.The sad thing is we used to be at nearly 95% occupancy in 2017-2019 but once everyone started joining the party and our city started throwing up tons of hotels to keep up with tourism demad, we dropped to more like 65% occupancy.Keep your head up, man!

The best part is they are buying these homes with a little as 5% down, they are being taught how to self manage,  and are given the systems to be on auto pilot with out having to hire PM.  

Those investors will have to NEGOTIATE to get a deal” as the other party will want to keep as much of the “gravy” as possible for themselves.