There isn't any equity stake to protect your principal capital investment.

Since they are public numbers theres absolutely no protection for us from fraud.When submitting my accord for proof of insurance that goes directly from carrier to customer, not through my hands, unfortunately people have committed fraud with that number too.

Once you befriend one of these big players, ask who they use.

One partner has over 10 years of experience with 2000 Unit, and next one has about 900 units as GP, and the rest of us were first time multifamily players. 

haha,Nah mateNot my style.Unfortunately, we live in a world where information is power so I'm forced to collect it in order to protect my team and company.But I'd never F@#$ with someone else's business even if they aren't legit.Only as a defense mechanism if we are threatened and pushed far enough where I don't have another choice.

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.

Also Look at Jim Abbott the baseball player. 

Does roof maintenance add value if it protects the property?

If you bid more that the property is worth in it's as is condition, then you don't have enough collateral to protect your investment. 

The sole remedy of the lender is the property.Now take the rest of the states and Texas in particular Mississippi for sure.. and you can foreclose get the asset then sue in court in a different action for a deficiency judgment and get a judgment against the home owner.. this is used when there Is in sufficient equity to protect the lender..