Traffic is horrible at peak our in certain areas and you will do well to look into that.Last i want to say that i have not really seen rents fall significantly in many markets, but in dubai i see it frequently.

Well it is doing loans for folks who bought sight unseen and trusted contractors/turnkey providers who sell the dream but in the end do the absolute min in rehab work (even though charge for a much better job) and/or sell a buyer on a class B type neighborhood that is  reality a class D neighborhood in an already low income town.

As I understand, landlords there cannot charge application fees, security deposits and evictions are VERY challenging.Have communicated with several PMCs and investors in Ohio market and not aware of any real differences from Michigan. 

It's almost like they tack on a few hundred dollars to the order and forget to charge sales tax

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

I have yet to have one late charge added to a tenant.   

A genuine question here for you, who are you working with right now and how much are they charging you in fee?

I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

Wonder what they charge developers to access their capital resources.   

I would never form an entity with them when I can do it online with a firm that charges a fraction of what they charge).