I have no intention to represent sellers or buyers, or ever list a property.

In addition to managing 65+ units in the greater Tampa area I also am a broker who almost exclusively represents investors buy the best available STR properties both on and off market. 

He told us his hourly wage (when he hilariously tried to charge us money for him doing math to correct our "mistakes"), and so that $800 represented a 40-hour work week. 

So I pay the property manager $200.00 per month and the lawyer $200 per month?

This amount represents a reasonable estimate of the actual damages the owner may suffer due to delay, and the contractor agrees that this sum is not a penalty."

in our area that is a real big deal.. we did another demo and left a few pieces of flooring an inspector came on our job determined they had asbestos in them and we violated taking asbestos items to the regular land fill.. that cost me 19k in fines and 18k in lawyer fees to keep the fines from being really big..

The more you know upfront, the less your spreadsheet surprises you down the road.One last note: I’m not a lawyer or CPA, so keep this strictly as friendly advice.

The office space added represents a saving of $2500 a month I was going to pay in a lease for an offsite building for my expanding team and staff.

I would have to imagine folks who are competent enough to represent this type of value-add are typically focusing on larger opportunities than small to mid-size SFR portfolios.  

Try mediation first, lawsuits can get expensive and only the lawyers win.2.