Baking a CakeYou can read up on what a cake is, what goes in a cake and go stock up on a bunch of ingredients.  

If you hire a PM, usually from what I'm hearing, Padsplit PM charges about 8% and some just charge a $800 per month flat fee because it's relatively easy I guess.

Phase #1 - Recovery  - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from  decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."

**Standard Compensation Models** - **Flat Fee**: Engineers and developers are often paid a flat fee for their services.

Conversely, when property prices are low, rental demand decreases, causing rental rates to remain relatively flat or fall.How can you identify cities that are likely to have significant and sustained appreciation and rent growth?

They use more of a flat fee approach. 

They charge a flat rate of $600 per $1M in price.My local association and MLS combined is about $1,600 for the year.The only thing that I really miss is having access to the NAR forms or your local state forms, and the software to fill them out so easily, with Glide.com or Zipforms. etc...

Some impressive features including extensive listing/syndication and state specific guidance provided such as max security deposit.RentRedi is a flat fee for the most part and has some cool features like pre-qualification and integration with QuickBooks.

Flat fee brokerages have been around forever, as low as $295.

The D area will have more nominal to flat rent growth and little to no equity upside.If an investor is local to the area and they only have 5k to get started then I can see why they might go the D class route and have a big headache for early investing years owning a D asset.