At that point we hired an independent appraiser and the numbers came back good and the hard money lender agreed to use them.  

The PMS around here are pretty terrible, I've worked with a lot of the larger ones in Cleveland and I think they just take on more properties than they can effectively handle and don't hire enough additional employees to make it work. 

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

That could be your PM company if you plan to hire one. 

All my properties are paid off, I did try to go the rout of hiring a property manager (two actually) and it was sooo bad.

The process is pretty straight forward and not complicated at all.

You can also hire a real estate attorney off of UpWork or Fiverr to review the documents and give you an opinion just to be sure.

Experienced developers, could you tell me how the process/financing works?

I've never heard of this.I suspect he's using fraudulent documentation.Stick to your process.

Leasing is a specialized skill—PMs deal with this daily, making them far better equipped to handle applications, verify income, conduct background checks, and evaluate a tenant’s overall suitability.Protecting Your Investment:The cost of a bad tenant can be far greater than the cost of hiring a professional.