A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I do check placement (we do well on either platform but have a few more niche offerings for our area) so not taking that calendar booking "hit" much.

Several years ago when the low flow toilets came out, some just didn't work well at all.

These cash flow very well. 

I have employer sponsored plans that match contributions as well as a solo 401k and I do a backdoor Roth. 

Quote from @Gregory Schwartz: I have 2 very close friends who grew well beyond 2 rentals with this strategy. 

To simplify the scenario I'm envisioning let me put it this way: what does a BRRRR look like when one of the parties contributing to the down payment and rehab costs ultimately ends up being the renter as well?

If the Owner wishes toterminate the agreement during an existing tenancy the owner will be held liable for payment ofmanagement fees for the duration of the existing lease as well as a $300 + GST cancelationfee.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

I would suggest looking into syndications as well.