We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

The challenge is that the property only has a one-hour open house the day before the auction.Here are the details:•Opening bid: $100K•Hard money lender financing: Up to $220K (with my 20% deposit and 100% renovation costs covered)•Comps in the area: $485K–$510K•Estimated rehab (based on pictures): $125KObviously, this estimate could change significantly once I see the property.

(this covers a lot of ground and serves as a nice framework)

Is it possible to cover your mortgage taxes and insurance through what the average market amount is in the area?

In an effort to bring ANY $ in to help cover the mortgage ($4600 including taxes and insurance), I put together an AirBnB site for the property and set it live, with zero expectation.

We've seen our area MLS which covers about 20 counties come down to an average sold to list price ratio of 95.1% and Knox county specifically has come to 96.4 % which is lower by about 2% from this time last year and down from our peak this year of 98.5%. but it's about in line from winter 2022 into spring 2023 which was a time when rates were rapidly rising.

I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.

Just ensure that the projected rental income comfortably covers the new payments, including the HELOC.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

It appears the only thing I'm not covered for now is resolutions.