how would they know.. unless someone is doing a refinance and in conversation tells the escrow agent what happened..I have personally done well over 100 sub toos and my dad did over 500 of them when i was a young agent back in the late 70s and into the early 80s when rates were even worse than today this is not something that anyone Myself or Pace made up as a new model. its not.

Once you find that company then you have to make sure that your business model aligns with theirs It is very important that you make sure you take the time to interview and have candid conversations with a PM company.

I've only been using them for a few months, but I like the model.

If you need 10 minimum and have to hold those non-paying tenants until you get 10, what does that cost you in your financial model?

Even creating a simple model to evaluate potential deals or predict returns could be a fun way to combine your interests while gaining hands-on experience.The most important thing is to start somewhere.

In the upper left corner in yellow, you will see the skid steer with 440CT model on it. 

I know if I were to send an operating agreement to a lender that reads "LP member will receive return of their capital and 20% annualized return" they would not approve the loan.

Let me know if you want to chat more about it or need specific model ideas!

Because it's my money, I care more (I get 92% of the revenue, PM only 8%, and PM team member near 0%), I only had my units to manage (PM team member has other owners and units), and, with humility, I am smarter and harder working than the team members assigned to my portfolio (3rd party PM has to hire at a level that makes the business model financially work for them). 

It's that the PM model itself is flawed.