What’s your opinion?

@Gregory Schwartz the oldest and best strategy in my opinion.

In my opinion, you want something that will protect you, but is also understandable for everyone signing.Keep in mind that at the end of the day, here in Illinois, the state is generally contractor-friendly in the court of law, so making sure you document everything clearly with payment will protect you against any potential mechanics liens.We have had several projects that did not go perfectly here in Chicago because we overpromised and didn't keep tight enough documentation. 

Also, important to note: Not only are my properties MTR, but they are also rent by the room.My overall opinion is that anywhere from 12-15% would be a fair fee for MTRs.I hope this helps, and good luck!

Hey Kent, great question, but very open ended which is okay but I'll answer in my best opinion.

If you speak to 10 insurance agents, you will receive at least 12 opinions.

That's my own opinion and so is all of this but I've been to all the markets they build in, I've met them and their sales team, I've seen their underwriting, I've spoken to investors who purchased with them, I've stood in front of booths where people were talking to them and asking questions that are easy but if someone is going to put 250k or even 100k they should really know everything and understand all sides of it.

Either way, you want to be close to something that is drawing visitors to the area or you'll likely face too much competition to be profitable in my opinion.  

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I agree that licensed agents will rat you out, as they should (my opinion)...licensed agents have dedicated lots of money, time, and training to hold the real estate license.