Instead I would just need to do the title search first, then once I pay the down payment file a memorandum for the amount I paid them, and then record the purchase and sale contract/land contract with the county so it's on record and clouds the title for extra protection.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

With Nomad, you're paying a lot of extra money for a guarantee that is not necessary with skilled and experienced property management combined with masterful recommendations for property condition; i.e. what a property needs in order to be rent-ready to the degree that qualified candidates will be attracted to rent the property. 

In your opinion do you think the extra bathroom needs work?

But remember that for studios, tenants typically would pay their own cable, electric and other utilities and maintenance, so the gap is bigger than just the base rent comparison.Our tenants have the option of paying an extra $10/week to have a mini-fridge in their room, and $10/week for weeks they want a window A/C unit.

There is, however, a problem getting them to communicate with tenants so the tenants begin paying bills themselves, so you don't have to spend extra money every month;- Your account must have a minimum balance of $500.

I want to get into the commercial side but i understand I have to start with residential to work my way upGoing bigger with a 4-plex could be a smart move if you have the financial stability and confidence to handle the extra management responsibilities.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Could the rental places through in some small extra by doing the same?