Con: They reduce my monthly cash flow (6 - 10%)Manage it myself:Pro: My cash flow is increased (at expense of time)Pro: Online tools make it easier for me to remotely manageCon: Time-consuming, especially during the leasing processHow to find a good property manager / leasing agentI go online and get reviews and quotes (Yelp, Thumbtack)I ask for 3 referrals or reach out to those people (note: I also ask tenants, since I want to make sure my tenants are happy and treated well)I ask what online tools and processes they use (for example, if they don't have an option to collect rent online ... then they seem pretty inefficient to me) I ask about transparency -- will they provide me with the background check, lease agreements, etc.?

You should place value on culture, track record, transparency, meet the team, get to know the area, ask tough questions, be very diligent.

The last painter I hired, which granted is a fairly modest job compared to what many contractors are doing on your major renovation projects, my dude gave me copies of all the receipts + a summary of receipts page, as well as a bill showing his hours worked and hourly wage, and a final piece of paper that literally had $Parts + $Labor = $TotalBill.I felt that this was uber transparent and really appreciated it.

We need people our team that share information and have complete transparency. 

All that being said, I encourage you to be transparent in your transactions with your sellers in order to prevent any sort of closing table drama.

Like I said the more transparent one is on BP the larger audience they will have.

Always be totally transparent with both the buyer and seller, if you can find a way to meet everybody's goals (in this case, $80k to seller, and $95k to buyer with small renovation), then they're often willing to work with you to make things happen.Thanks again for all the thoughtful responses.

Just be transparent about what you're doing, that you're not buying the house yourself, but know buyers who may.I'm not a wholesaler myself, but a buyer in the past.

I believe a business should be run with all honesty and transparency. 

Then go thru second negotiation to get seller help towards repairs.I think one of the keys will be to be very transparent from the beginning that I'll be asking for seller help on repairs down the line.Has anybody else used this approach?