We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Keep in mind that Section 8 tenants generally pay 30% of their income toward rent, with the rest covered by the voucher.How Long Until Move-In?

The flood insurance will cover limited, structure may or may not the contents.

Operations Manual: Create a detailed operations manual covering processes from acquisition, development, and property management to sales.

Make sure to draft a solid operating agreement covering decision-making and profit distribution.This post does not create a CPA-Client relationship.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

You must do everything you can to cover your arse.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.