It's always best to hire a third-party contractor to clean the place in any state. 

I try and push my clients a bit more on year end items from October on so January isn't a Poop show for all parties. 

I have done this a few times myself and have a few basic recommendations:1) Make sure the seller owns the property free and clear and that it's very clear to both parties whether the arrangement involves a deed of trust or contract for deed2) If a balloon payment is involved, be sure to assess your ability to refinance and make that balloon payment in the future- optional extensions can help manage this risk3) Understand the tax implications if the interest rate is notably above or below market rates4) Get title insurance! 

The cost segregation will analyze the property to find assets that can be depreciated faster than 27.5 years.The accountant you work with will be able to help connect you with a cost segregation specialist.The most difficult part is completing form 3115 which will also calculate the 481(A) adjustment.The 481(A) adjustment is the difference between the correct depreciation calculation less the actual depreciation taken.

We ultimately switched to Buildium as it was more comprehensive and had a large number of integrations with 3rd parties.

We've taken over properties with owner horror stories about their Flat Fee PMC letting their property sit vacant, or with a nonpaying tenant, for months without doing anything about it.So, where does the line get drawn between the focus on an owner making money and a PMC making money in the context of trying to align both parties' interest as much as possible?

Could you often or always get title to the property or you get money back from the debtor/ a third party who wins the auction sometimes? 

I get contacted every now and then by a person wanting a corporate rental meaning that they are just brokering my space to third parties for mid term stays.

Hi Ran,I would probably ask around locally for a PM to see if they have backoffice services that they offer, other than that, there are a lot of accounting type of services available with third party vendors through the national association of residential property managers.

What should have been a relaxing vacation for a wedding turned into a very stressful and expensive week resulting in half our party needing other accommodations."