It appears the sale contract needs to spell out a lot of process perhaps. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I feel they committed fraud by telling us it was a cash deal, had $300,000 in funds, & when I saw the contract it stated we were only getting 179,000 on a 190,000 escrow & the SOW estimate came in at $65,000 and they’d only fund $40,000 of that! 

And let’s assume that the requirements are going door to door and convincing “motivated” homeowners to sign a contract with you selling their property below “market” rate.  

If there’s specific projects like electrical we get a project specific estimate after we put it under contract prior to the earnest money going hard.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

I was stuck in analysis paralysis for 10+months and then I read this book and no joke had my next project under contract within 3 weeks.

Are you a hands-on type that can make improvements to a home or prefer to contract out work?

Step 4: Do a contract with the builder, order an appraisal to make sure the numbers work for the build, wait for the home to be built.Step 5: Close once the builder has a CO!

Also make sure you protect yourself with the correct contract documents. https://www.myfloridalicense.com/wl11.asp