Is there a no win / no fee type of service I should be searching for?   

In Cleveland, it is industry standard to pay a 10% property management fee.

(Taxes, prepaids, attorney fee, origination fee etc) So let’s assume your acquisition cost is $227500.Cash flow is income - expenses.Expenses are PITI, vacancy (5% of rents), capex (5% of rents), repairs (5% of rents) and property management (10%) of rents, plus lawn maintenance, HOA fees etc.

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?

Quote from @Alex Scattareggia: Is the problem that the property wont be profitable with the 20% management fee taken out?

@Judy Jacobs, consider fees and exchange rates to maximize the amount received.

Soft cost, carry cost, offsite and fees/.2 = 10,000,000 Total Build Cost 40 pads= 250k per pad Cost [250k/$150 per square ft = 1666 sqft per unit] 250k per pad x 20% = 50k for land ready to build. 

And what’s been your biggest ‘aha’ moment in uncovering hidden opportunities?

Or you can keep making mistakes that cost you THOUSANDS of dollars to save a hundred a month in PMC fees.

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?