- Broad language excusing PM from any responsibility (including that of anyone they subcontract out to)- Charging the owner additional "convenience fees" if they "fail" to perform according to an agreement (with broad language about what that means)- Making the owner pay for any mediation / attorney fees for both parties (with no cap specified)Specific fee structure: - Management Fee: 10% scheduled rents (up to 3 units); 8% up to 15; 6% up to 35- New tenants placement (not renewals): 50% first month rent- 10% mark-up on all service fees (no receipts required)- 15% mark-up on total cost for any capital expenditures- Flat turnover fee- Flat evictions fee

If someone has failed 2 times, it's likely that they will fail at it a 3rd time.

Or, did failing the inspection cause them to stop paying the rent? 

If that vent on the furnace failed before or a zone valve failed it will fail again, have a service contract or have a spare part on hand. 

@DJ Brooks, Your sale (with the one failed purchase) would cause a gain to be recognized. 

If that fails, then it's the cost of doing business and I would check into Waivo damage insurance right away! 

Cause yes I know folks who are trying to do that, but when it's asset backed and it fails-- it's now your problem.

But I know a lot of people who tried on their own like this and have failed and are still failing.

If you identify more than 3 properties that add up to more than 200% of your selling price then you have to buy 90% of them or your exchange fails and you owe all the taxes.

I'm not sure why my colleagues believe that "this does technically satisfy the requirements on paper" and discuss failing a potential audit.