What’s your exit strategy if the partnership doesn’t perform as expected?

When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

For your ~$10K fee, I expect for you to be thorough and clear and make sure that these things are known as it is difficult to see everything on video.

The MSA will set the general terms for ongoing relationships with your subcontractors, like jobsite cleanliness expectations, payment terms (i.e.

Look for books published in the last 2 years as some of the books post 2010 seem to give people unrealistic expectations.

It takes longer than expected when doing most of the renovation yourself.

When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

In Illinois, when an agent does that, there are functions normally expected of the realtor that they are legally prohibited from doing.

@Amol KulkarniRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

We are currently charging $1300/unit/month  and expecting to be charging the same this coming year.