Good points Mark. 

Quote from @Mark Walker: Quote from @Jordan Moorhead: So all 32 are occupied? 

- Broad language excusing PM from any responsibility (including that of anyone they subcontract out to)- Charging the owner additional "convenience fees" if they "fail" to perform according to an agreement (with broad language about what that means)- Making the owner pay for any mediation / attorney fees for both parties (with no cap specified)Specific fee structure: - Management Fee: 10% scheduled rents (up to 3 units); 8% up to 15; 6% up to 35- New tenants placement (not renewals): 50% first month rent- 10% mark-up on all service fees (no receipts required)- 15% mark-up on total cost for any capital expenditures- Flat turnover fee- Flat evictions fee

Mark I am A Handyman.

If I had property management I would be paying a couple thousand dollars each month for that service, then having to still pay the PM Company’s contractors at a marked up rate for every repair.

I mean, if you're over the century mark it probably is too late to start or at least not worth it too. 

Would it be pro-rated a t all if she were to sell a few months before hitting the 2 year mark?

Quote from @Mark Cruse: Quote from @Mike Calvey: Quote from @James De Stefano: I'm early on along the journey, but so far it's been the "walking on eggshells" while screening / accepting / declining prospective tenants. 

In the markets I shop, there are plenty of properties that will cost around the 80k mark total (including rehab).

Also, keep in mind that although most lenders start with similar "Costs of Funds", we all have different "spreads", or "mark-ups" built into the pricing.