When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.

Purchase price: $380,000 Cash invested: $135,000 Annual rental to be turned into STR when tenant vacates What made you interested in investing in this type of deal?

Your responsibility is the DP, and the CF accumulates to pay you back the full amount of the DP. 

Bit of a long story, but my partner and I are trying to purchase a property from a family friend of mine and we're having trouble locating the last seller.

It's nice to have you in the BP community!

That advice led us to Bigger Pockets.

If one of you actively manages the property, pursuing Real Estate Professional Status (REPS) could unlock full deductions against W-2 income.

Congratulations on expanding to Oklahoma.

Can you refinance and how. does the original owner has to sign docs to do that? 

So your wife will spend 5 full days repainting the whole place and scrubbing the bathtubs.