I plan on doing the following: 1.PM will pay 50% of standard rent but will identify duties he has to do for 50%. 2.Develop Property Manager Agreement for emergency and routine repairs and come to terms on compensation.

Long story short, I was a mess for the majority of my 20s, then I got comfortable renting and going about my routine when I started to turn things around.

I raise my eyebrows when I see it being recommended for those starting out with little capital and no experience.

As we've been analyzing deals in Spokane, we're routinely coming up with low and negative cash-flow analysis.

I’ve been analyzing my market for quite some time now and I was thinking it would be interesting if BP members shared their investment screening routine (i.e. not the criteria of analysis, but the platforms and strategies), more specifically: What is your day-to-day routine to screen your RE market in search of potential investments?

By making small changes to your daily routine, you will see positive impacts on your overall productivity.

I routinely use $6,000 initially for Holding Costs estimates for my analysis.Gary, be sure you understand what is considered CapEx and what is OpEx (Repair/Maintenance) in your Rehab.  

Change the furnace filter and open the floor registers to clean out the ducts with a vacuum - routine maintenance.

Assuming you have liquid assets to find the purchase, finding your lender will not be difficult.You shouldn't need to get a lawyer involved here in PA for routine business.

Did you include routine maintenance?