@Dave IveryI actually think it's pretty tough to get started right nowLow inventory, higher interest rates, and lots of competition for properties

You will find many PM's who charge significantly less, and you will need to figure what your competitive advantage is.

It's definitely harder to find deals today given lower inventory and lots of competition.

The deal was valued based on a recent sale of the local Holiday Inn, (only real competition for us) which also needed to undergo renovation.

Absolutely,I have a lot of clients working in Detroit and it has some great opportunities centered around 1-4 unit, affordable fixers that, with a little bit of work can become great cash flowing investments with lower annual tax and insurance costs.The downside is that you definitely have to know what you are doing as the good properties need some hefty work, and the market is pretty competitive.

Please share companies with competitive rates.

Simply, a percentage of the profits; so only AFTER the investors get their investment back + a “preferred” return of usually 6-8% annually.Here is how our equity (as opposed to our debt/loan/notes) syndications are set upwe as syndicators get a either a 3% broker fee or 3% acquisition fee at purchasewe get a management fee competitive with outside managementwe get 10% of gross rents as ASSET management feeonce investment is liquidated we receive 15% of proceeds ABOVE or AFTER investors receive their capital returned plus 10% annual calculated income including any distributions of earnings. 

The fact that title insurance includes defense expense is a great lesson in why chosing NOT to purchase owners coverage is stupid.Of course if the court doesn't award the easement, the title insurer would likely pay out on the title claim based upon the lack of access.

This has lead to increased competition for deals, naturally for higher prices.

Hi,
I have a rental property that I bought in 2018 in Indiana. It is a "turn key" rental property i.e. I bought this property from a company that buys distressed properties, rehabs them to prepare them for rent, and ...