It would be unfair for me to give any kind of general satisfaction/unsatisfaction because there is still a lot ahead to be determined.A quick snapshot:-Purchased lot in February 2022.  

Typlcally, a lender is going to lend 75% - 90% of the Cost of the project (property price plus rehab cost (scope of work)) or 70% - 75% of the ARV (As Repaired (as completed) Value).

I put $6000 into repairs, mostly paint, new light fixtures, new appliances, painting cabinets and fix a small leak coming from the roof.

3) If their handyman can't handle a repair issue and they have to hire outside contractors, many PMC's will then charge a markup for their time - but they don't tell you this upfront or disclose in their management contract.

Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt.

Often times they come back with a list of repairs that they would like to see to protect the home or mitigate liability. 90% of the time those items were on our list to fix anyway, and sometimes we even haven't done before we get the letter from the insurance company.

Basically/Hopefully that is watching rents hit your bank, and occasionally calling a repair service as needed. 

As we wrap up the year and look ahead to 2025, the real estate market continues to present unique challenges and opportunities for investors, brokers, and lenders alike.

Quote from @Tomoko Hale: Quote from @Bruce Woodruff: My thoughts: If you are going to use a PM, hire out the cleaning and any maintenance/repairs, you will be giving away 30+% of your income.So you need numbers to put on your spreadsheet.....1) what are you estimating for your nightly/monthly imcome?

Your homeowner policy may cover minor repair work but probably not a large construction project.