If you were able to procure financing that allowed you to buy 10 identical homes to the hypothetical one described in this scenario, each with just $10,000 on the table, you would have ultimately spent the same $100,000 described in scenario #1 at the end of the year.  

Get them on your lease (with a security deposit that the seller procures for you and conveys to you at closing) as soon as possible, so you know what their lease says.With such a close-to-market rent in this uncertain time, I wouldn't raise rents until you for sure want them out.Have a walk through of their apartment and note any damages.

The below is a good start: - Company Specifics (how many properties do they manage, what type of properties do they manage, how many property managers are employed, how many years have they been in operation, are they licensed)- Pricing (what is the cost to manage the unit, what is the cost, if any, to lease the unit, is there an onboarding fee, is there an early termination cost, are there ad-hoc costs for maintenance, tenant screening, or miscellaneous costs - such as to appear in court if you have an eviction)- Service offerings (do they conduct unit inspections, do they provide cleaning services, do they offer an owner portal to submit requests, do they offer a tenant portal to submit requests)- Financial Services (do they pay bills to vendors on your behalf, do they manage insurance procurement, do they provide you with rent roll, income statement, P&L, general ledger info, do they prepare annual 1099s for vendors, do they manage tax preparation process, do they allow tenants to pay rent online)- Tenant screening process (how do they vet tenants, do they take marketing photos, do they screen tenants, do they handle lease preparation, do they help register new tenants, do they conduct credit/background/reference checks, etc.) 

As you work deals together you'll get educated and the investor won't have to risk money to procure the leads.

-Hotel Design & Architecture Groups - handle design, architecture,  PIP review, ADA compliance, potentially procurement.  

If you found the property on the MLS as an expired, the listing agent will have a "protected" period, could be 6 months, where the agent will be due a commission if their efforts were the procuring cause of a sale, that means if you found the property, or it can be reasonably established that someone could have found the property due to their advertising efforts, like a listing, they may be entitled to a commission.Besides that, this is not a deal to chase, IMO. :)

If you are procuring a loan you will need to work through your lender's process. 

The only question is with what or how will people procure that roof over there head. 

the 2nd agent knows that the 1st agent has a pretty solid case for "procuring cause" and doesn't want to do work and end up not getting the commission. 

From the Idaho statute:DEFINITION ~"Dealer in options" means any person, firm, partnership, association or corporation who shall directly or indirectly take, obtain or use options to purchase, exchange, lease option or lease purchase real property or any interest therein for another or others whether or not the options shall be in his or its name and whether or not title to the property shall pass through the name of the person, firm, partnership, association or corporation in connection with the purchase, sale, exchange, lease option or lease purchase of the real property, or interest therein.IMPLICATION ~(36) "Real estate broker" means and includes:(a) Any person other than a real estate salesperson, who, directly or indirectly, while acting for another, for compensation or a promise or an expectation thereof, engages in any of the following: sells, lists, buys, or negotiates, or offers to sell, list, buy or negotiate the purchase, sale, option or exchange of real estate or any interest therein or business opportunity or interest therein for others;(b) Any actively licensed broker while, directly or indirectly, acting on the broker's own behalf;(c) Any person who represents to the public that the person is engaged in any of the above activities;(d) Any person who directly or indirectly engages in, directs, or takes any part in the procuring of prospects, or in the negotiating or closing of any transaction which does or is calculated to result in any of the acts above set forth;(e) A dealer in options as defined in this section.