Quote from @Bruce Woodruff: Wait....that wasn't actually her that you spoke with was it?

I guess the odd part (to me) is I am putting up the money for the renovation, potentially without full ownership of the property.

The challenge with property managers is that they are actually very expensive.

Again, if your $250k is true, and includes all the electrical upgrades, new plumbing runs, potentially new foundation pour (since I assume the existing garage slab is not capable of supporting a new two story house), I am guessing since I don't know the market, but assume you will have a lot of equity by completing the project.

These props were in good areas so I am guessing that is why. keep in mind true A class areas whould see majority of comps being sales to homeowners NOT investors.. homeowners dont care what the cash flow is or the potential rental income is only investors do..

., they are making a profit margin on that hourly charge.Another way PMCs usually make a markup on maintenance, is that they send you all invoices on their letterhead, or from a maintenance company they actually own.

I am guessing his hands are tied as Norada is simply the marketing company and I am guessing no operational control of Wagner.

That way when a deal is brought to you, you know the seller actually wants to sell.

That's actually an excellent idea .... do you know where I can get more info on how to rent out the land for passive income? 

There are lots of listings currently under contract, I guess the buyers are not going to show up for closing next week..