So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Will end up costing around $120,000 once tile is set, bathrooms and kitchens installed, and custom cabinets/Doors/ and furniture are built; windows installed. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

.- You will have to come out of pocket for the arears, fees etc, just to get into "contract" some times $20k or more and all you have as protection is the word of someone who's proven to be unreliable and a signed piece of paper... 

Like deferred maintenance, (bad roof, worn out water heater/AC Unit, warped flooring, water damage) etc, unpaid utilities,  unpaid taxes, a second loan, unpaid HOA fees, a bad pool, bad reputation, sometimes squatters, sometimes they were drug houses, and so on.

I guess a flat seasonal fee like any insurance policy, sometimes you win, sometimes you lose.

You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

For now, it Looks like your roommate/tenant can cover half of your mortgage (plus hoa fees). 

as is prop value 75k and minimum loan size of 50k. as long as its turn key 30 year fixed is available. yes there are some fees and rate will be a touch higher. if it cash flows get it closed.

Once I gave them the online option, however, and the bank didn't deliver one tenant's check causing a late fee, they've all used the online option.