Ensure that you conduct your own screening process to ensure that applicants meet your criteria.

For example, I found a property manager who charges $10/month to process the payment from the tenant, charges fees on processing late fees and charges for tenant screenings.

(It's broken down by market type -- resort/mountain, resort/beach, rural, etc.)Here's how much more RevPAR homes with a certain amenity get for the mountain-destination category.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Ensure clear lease agreements and screen tenants thoroughly.

Buildings like that can be stabilized with careful screening, access control and surveillance systems and coordination with community policing.

Waited over an hour and no one came on the screen.

In terms of timeline, don't plan for it to be a fast process, your rockstar local loan officer will not be processing the assumption, it'll be a group of call center people reading scripts from a computer screen.

The came and this time did a video inspection....the sewer line is broken.   

I often sound like a broken record suggesting first trust deeds paying 9% to new investors.