I pay a neighbor to show it for me (150.00) and tell them this is a way for you to screen your new neighbors. 

If the opportunity arises later on, treat it like any other tenant situation and conduct proper screening procedures.Best of luck to you!

[Not sure what @Henry M. means by 'day rate', there is no such thing with General Contractors, must be doing small jobs with pick-up laborers]And yes @Alan F. is spot on...there are way more investors that screw up a project...no idea how to screen Contractors, no idea how to do their job right on a remodel (have clear objectives and don't change them, then stay out of the way)

Make sure you do your due diligence during tenant screening, as you will be stuck with them until their lease ends.

After a screening to determine my official eligibility, I was asked how much I needed.

I always hide behind "staying compliant with state laws" as to why I do tenant screening and send a lease over to sign.

For me the 8% is well worth it, they find tenants, screen them, collect rent, call me if maintenance is over $500, I get a detailed report each month and end of year.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

(Screening quality, fair housing act compliant and non-discrimination) 4) and finally, if you’re splitting the equity you’ll really get 1/2 of the 16 vs 8% downpayment (4%) back when it’s split. (12.5% each.). 

If we screen them correctly as you suggested and don’t jump on the first tenants that shows interest, we will be in good shape.