We plan to flip or hold for a year and then turn it around.Do we need to get Title Insurance in addition to the full title search procedure?

.- RE-experienced/friendly, IRS-enrolled agent, tax professionals do entity  tax preparation and advice consistent with federal tax code and state tax law.Although many of these may have have operated in the others' primary bailiwick, it is far better to have one of each to color within their lines of their specific training and expertise - and all play well together for you.Strong foundation laid - build that business with the rest of the on-scene power teams (realtors, property management teams, et al.) in each investing location.May sound complicated, but when chefs divide the work in the finest restaurants, you get great food.  

@Ryan Tortorich You are missing an important point.....in most states, by law, he legally also becomes your agent by default and has a legal liability, along with the extra work that Will come along with that as you are not an experienc d agent familiar with all the local procedures, etc.  

They will provide all the answers regarding the proper legal procedures to follow.If you are lucky another Pennsylvania landlord or PM with personal experience in a similar situation my respond.

With so many advancements in the past 20 years that have changed the p.m. industry its important for your p.m. to up to date on the new trends and tools available that make your property (and themselves) relevant.Bad traits:-Lack of procedures.  

Avoid Non accredited investors, unless you love lots of red tape and more govt. oversight and liability.Own Your Own Private Equity Company.Use procedures professionals use to raise over $100 Million every day.Top 10 Reasons to own your own Private Equity firm. 1.

Violations of pet waste are subject to the fine schedule and procedures outlined in the House Rules.

I cannot continue to be the manager because I would make far more per hour than I would managing the portfolio.Now, it's a really easy transition since the partners were used to paying a regular management fee anyway.The only difference is that because I've developed a really good procedure for the management that is specific to the area and also for the Partners (ie... reports on Cashflow, Tenant turn-around, CapEx, etc) so that all partners are aware of all the situation and know where to pick up the reports (generally in a secured shared cloud drive), we are just going to take the money and train one of my relatives to take over.The management fee is definitely reasonable since the properties we own are in NYC.

Also I will need him for my property management business that I'm slowly starting, and I need to discuss rates and procedures in general.Any references would be greatly appreciated.

Dropping as onsite manager is one thing and moving-out is another - - make sure you understand there are different procedures here.