Instead I would just need to do the title search first, then once I pay the down payment file a memorandum for the amount I paid them, and then record the purchase and sale contract/land contract with the county so it's on record and clouds the title for extra protection.

Very honest, humble and direct advice with a glass half full mindset.

With Nomad, you're paying a lot of extra money for a guarantee that is not necessary with skilled and experienced property management combined with masterful recommendations for property condition; i.e. what a property needs in order to be rent-ready to the degree that qualified candidates will be attracted to rent the property. 

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

But remember that for studios, tenants typically would pay their own cable, electric and other utilities and maintenance, so the gap is bigger than just the base rent comparison.Our tenants have the option of paying an extra $10/week to have a mini-fridge in their room, and $10/week for weeks they want a window A/C unit.

It’s late, and I’ve had a long day and a glass of whiskey.

In your opinion do you think the extra bathroom needs work?

There is, however, a problem getting them to communicate with tenants so the tenants begin paying bills themselves, so you don't have to spend extra money every month;- Your account must have a minimum balance of $500.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.