Again, this greatly varies transaction to transaction - I can say from experience that selling agricultural land on contract (seller financing) I would be asking to not only financial information but farming experience, equipment owned, etc. as well.

Recently purchased a duplex, living in one side and renting the other, and bought a $65K piece of equipment along with paying a sizable tax bill.

Then they research the best equipment, talk with their friends about the best place to ski, and sign up for lessons.

.), cut out the porcelain-on-cast-iron bowl out with a grinder equipped with a diamond turbo blade, and then carefully keep cutting small pieces until you get the bowl down to the granite.

Unfortunately for us property management business owners, there is usually not much value in the business unless there is prime real estate owned offices, expensive office equipment, etc. included. 

@James French Hey James, I live in Lenexa, my W-2 job is a heavy equipment operator, I have over 15 years of experience in grading, piping installation, tree clearing, and any other activities with a bulldozer, skid steer, back hoe and loaded.

You can exceed this amount by 10% for EEM or 20% for Solar Energy equipment.

They only look at their back of the napkin calculations of what they pay a PMC, assuming it's 100% profit, because they NEVER consider what expenses a PMC has.Since you like to crunch numbers, why don't you calculate how much it would cost for YOU to hire people to do the following:Inspect a property to make sure it's ready to marketTake marketing picsPublish and refresh for rent adsTake all the phone calls from adsSchedule showingsChase applications, process & screenGet deposits and sign leasesCollect rents, chase delinquencies & evictionsHandle maintenance requests, which are never handled fast enough for tenants, or cheap enough for ownersChase tenants for lease renewalsCoordinate MoveOuts, damage charges against security depositsGet RentReady bids to owner's satisfactionFollow up with maintenance to make sure done on time and done rightStart the cycle all over againProvide accounting services for all of the above, including owner reports and payments, annual 1099's, etc.Don't forget to factor in payroll taxes, employee benefits, company office space cost, company insurance, equipment, phones, etc.Once you do all that, you'll quickly find that PMC's are NOT making more than owners.FYI - this is why investors should always factor in 10% PMC Fees, 10% Vacancy and 10% Maintenance when running numbers on a potential rental purchase.

Their expertise can make them better equipped to ascertain the viability of from scratch development, IMO, better than lenders, agents, builders and new developers.

Don't mess with the bank on this, they are not equipped to handle it and it will just end up a mess.Stephanie