That comment specifically relates to the investors who believe they are better protected by having a separate LLC collect rent and perform management functions independent of the deed holder LLC.

So far, FTF has performed as advertised and I get timely and thorough reports on status for each project with financials, progress, risk profile and photos.There is a bit more risk associated with these one-off investments, however the low entry makes that more tolerable.

These firms specialize in this type of work, and as such, we rely on the information we receive from them to make determinations on how much capital we advance for improvements made to the property.In this case, we believe the third-party inspection company did not perform their duties.

I ran the numbers, negotiated a price decrease, and then performed inspections and purchased this package with cash.

I ran the numbers, negotiated a price decrease, and then performed inspections and purchased this package with cash.

Has anyone on the site performed a transaction that required it? 

If you find a property, the PM can look at it and give you a better idea of how it will perform as a rental, whereas most REALTORS haven't a clue.

Similarly, do you set an hourly rate for light maintenance performed by the PM? 

Once you've had a chance to see how the property performs, you can revisit the idea of giving up your W-2 job.

Research their performance over the years and check for any complaints or legal issues.Verify the success rate of the loans they have funded.