If so have them write it up.

If I were you I’d write down a list of potential pros and cons and then make my decision.

Home search to reno planning to paint to plumbing to floors to record-keeping and contract writing, self-managing (all). 

Forcing them to explain how compensation works and getting that in writing up front before they do much work.

Shahaf,If you do decide to go ahead with the conversion, contact your insurance agent and make sure your current coverage for the 2 family will still write the 3 family.  

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Before you get any further, if you haven’t, I would highly recommend writing out your specific investment goals, your reason for investing, how active you want to be, if you want invest close to home etc.

Before you get any further, if you haven’t, I would highly recommend writing out your investment goals, your reason for investing, how active you want to be, etc.

Do I write in the assignment at $250k on the info I send them? 

Obviously this is way below market, surprisingly there are a lot of below market rents out there. 4 months before the lease expired I informed the tenant in writing that the new rent if they chose to renew would be $750, a $200 a month increase.