A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.

Engage professionals to inspect major components such as the roof, plumbing (including sewer lines), foundation, drainage, electrical systems, HVAC, chillers, boilers, termites, exterior walls, balconies, stairs, rails, and concrete.

Example of overcharges included* $300 for cleaning windows and cabinets after entire house was professionally cleaned* $80 to replace HVAC filter after entire HVAC system was replaced* $700 for a small list of punch items - 2 door stops, raking backyard, removing satellite dish in backyard and trimming bushesAfter terminating relationship, owner decided to send a termination charge for $450 (contract does stipulate it) - even though the company has not done squat and never placed a tenant and already charged so called 'set up' fee of $300..

For many of you who are chasing what Stuart is saying, you are probably better suited to be an LP in a professionals syndication (being careful to vet them of course), than to set out to become the GP.

Also, would you suggest using professional firms to do the hiring process or should I do on my own to save money?

Network with active investors or seek representation from service professionals where fees aren’t tied to the completion  of transactions.

I am a (newly licensed) Real Estate Professional.

These are professionals with additional training and a stricter code of ethics.

It’s essential to make your property appealing to traveling professionals, such as nurses or corporate employees.

There's lots of tax planning on this and I would suggest to take a professional opinion on how to structure a transaction in a way that you can make it into capital gain tax or reduce self-employment tax.