That $3,000 is typically the annual cost for a full service property management option. 

I tell them the story of my neighbor whose pipes burst on the 3rd floor during a bad cold snap. 

You hired someone to do a service for your benefit , YOU pay . not the seller 

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

then, there are holding costs while you rehab - servicing the loan, insurance, utilities, the rehab. 

Other KPIs and considerations you should evaluate when talking to any lender who offered private placement of loans/notes are historic default rate, how quickly they can place your funds (do you get preference over their income funds, for example), average interest rate - borrower note rate and what is passed through to you, are loans serviced by a 3rd party servicer or in house.

He is also in the service, is an investor and also an investor focused agent in your area.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

We converted to a self-service model a few months after we took over, which has substantially reduced the workload. 

I've owned the house for few years and have spent a lot of time trying to design an addition to add value to the property, but the current floor plan is really not conducive to realizing a return on that investment (tiny living room, low ceiling basement, poorly placed basement stairs, etc.).