@Victor NguyenAfter working with many investors I have realized that everyone has a different criteria.

When I went down till then there was no water and I just realized that sump pump in corner wouldn’t run without electricity and there was no battery but I assumed that electricity will be back and it will be fine but within half an hour before I left basement water started overflowing from sump pump.

(Sorry if this offends people)People try all this fancy stuff for anonymity and then sign a mortgage with the LLC and guess who signs it - you….Let’s spend all this $ to hide myself and you don’t realize the process or that your info is public

It made me realize there's probably other forms or steps I need to take when accepting applications and signing a new lease.

Quote from @Kevin Patridge Hemphill: In hindsight, my previous post was rushed… I did not have enough time to go through the training, coaching or support offered.After completing the training - twice - I now realize the value of the program and how it can help investors acquire deals from the MLS in a systematic manner.

Your waiter brings you a check for $200 that includes:- $50 for appetizers- $100 for main courses- $50 for drinksThen she realizes - oops, sorry, I did not include part of your order, let me bring you a revised check.

I didn't realize that Milwaukee was so affordable!

One of my listings was on Instant Booking and I didn't realize.

It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions. 

Thank you @Darius Ogloza, I realize that factoring risk into the profit split is a bit subjective.