Might be a little bit confused here, but from what it sounds like you were involved in purchasing the property, renovating it and then selling it?

That’s not a risk adjusted return close to what it was.)

Adjust return based on holding time and risk reward.  

Many states have non-judicial options where if the contract allows for it(most contracts do) then no court involvement is required to foreclose the property.

With that in mind, which approach do you think works best:1.Use property management software (PMS) as an intermediary to automate payments and fee splits while reducing legal risk and simplifying operations?

I'm not a tax advisor, so use at your own risk.

After speaking with other investors, realtors, and contractors here is what I came up with.I do not take responsibility for it, it's relevant for Pittsburgh PA only, and use it on your own risk and discretion.

In this completive market, it seems as though off-market deals is the only place to really find a "comfortable" position to be in (although completely aware that we are all in a risk filled area of investing). 

Nicholas,I think you may wanna read the threads below before hiring any of Bob's "guys".Exposing more of Bob Prisco's (AKA Bob Stevens) LiesWho is Bob Stevens AKA Bob Prisco and what's his involvement in Cleveland?

Definitely not, IMO, Been there and its a waste of time and money and risk unless you have dedicated plan to take advantage of having it.