often if you use the PM to help procure/purchase the property you might be able to swing a better deal on the rehab side of things.

Tenant shall provide a certificate of insurance to Landlord demonstrating that Tenant has procured the required insurance coverage, within ten (10) days after the commencement of the Term of this Lease and within ten (10) days after any renewal or change in such insurance coverage.

Both were virtually impossible to procure financing and time was of the essence when they came available.

Make sure that the agent is ok with only getting commission on the property that he has procured for you.

This includes:-  Overseeing contractors day-to-day-  Overseeing the work and ensuring it's on schedule-  Managing the budget-  Managing procurement of materials -  Getting contractors paid-  Handling issues as they arise/Change Orders-  Taking care of the property between rehab completion and saleThe most efficient solution is a project manager who can oversee all of this. 

@Jonathan Vetter hello, and welcome to BP ..i hope this website changes your life like it did mine ... it has allowed me to not only to continue to learn from other peoples mistakes and successes but it enabled me to connect with people who are now partnered with me in real estate investing .. mainly fix and flips but we hope to change that in the year to come and start buying some holds .. then as we grow we are talking about startng a management company, not only for our properties but for others as well.

The quote: $7.02 and I feel like an idiot. 14 years of fighting with procurement departments because I had assumed it was a significant cost.

You were 'procured' by the listing. 

I no longer manage homes, but can help you procure a Tenant with MLS Listing/Marketing/Showings/Lease Execution and suggest some tools to help manage it on your own.

However, Auction is only interested in procuring a buyer and collecting earnest money and after that the process can be painful.