That compensation will cover the following services:- Managing the contractors and subs- Inspecting work- Authorizing draws- Providing updates and pictures- Making small dollar amount decisions and using discretion based on the scope of work and overall project    intent provided by meI'd love to hear some thoughts on how others have structured this and what roles and responsibilities were expected from their project manager.Thanks,Padric

@Kevin Kozak just make sure to attend the landlord briefings at the housing authority in each county you do business.

Turns out my awesome tenant that had been paying his cash 1 day early every month in $100 bills had setup a wire fraud and money laundering scheme out of my property and the authorities thought I was in on it. 

There's a difference between reading and doing.Besides, a book might estimate this costs to repair a roof, but the author can be basing their numbers off a different area and a different market from years ago.

Now Tarrant County Housing Authority is telling us that the agreed rents are lesser (around $100 short per month), looks like the previous owner must have altered the leases to show higher rents.

Seller will have to authorize it!

Not in your market (Or mine, for that matter), but is a leading authority and is extremely helpful.Good Luck!

The author is from Africa, so has grew up in a culture with a different view of death and has seen a lot of the third world in Africa in his travels, and has seen a lot more disease than the normal US person.

It's not real-estate specific, like Jared said, but the author is a tough sob and it makes you really want to fight for your interests in a lot of situations. 

Often times I urge my younger clients and clients with short credit history to ask a parent, family member or very close friend to be added to their credit card as an authorized user!