Therefore, when I spoke with Kevin he was able to provide me with receipts of the materials he ordered in which I paid him to do.

Do you know the material cost?

It is true that it could take up to 5 months to get permits approved but we haven’t seen any issues with materials.

About to close on a multifamily property and ill have to start picking out material soon.

But, in this case, I am assuming $45k will not even cover the material costs of a whole house, let alone any contracted labor.

I could list so many examples of why not , but the internet isnt that big . 

Many of the cleaners or contractors locally will have a network of people for handymen, HVAC, Plumbing, etc. so reaching out and setting an agreement in place has been helpful - if you agree to be on call for us, we agree to pay you $$ for the service call + any additional time and materials on top of it. 

Mind you, it could take years before this materializes but, personally, if I have to make a 7% ROI, I rather invest in a safer situation.Conclusion: I'd put it on the market at the price I'd want to get.

If that is the role you are looking to file I'd think you would be paying between 5-10% of project cost.If you are actually looking for this PM to hire subs, write contracts, schedule, order materials...essentially acting as a GC....I would expect you to be paying between 15-25% of the project costs.I can't speak specifically to your market, but those are some ball park percentages based on my experience here in Chicago.

Not a lot of info on the internet about these that I can find at this time...