Along with property management this approach is widely used in industries including accounting, legal etc. where it’s common for the professional service providers to work with clients who are consistently adding new entities/properties to their portfolios.

I also look widely for HELOCs for my own rental portfolio and am not seeing danger signs there, either, defined by me as lenders cutting off lines or no longer extending lines. 

AshleyNormal, however you have wide latitude in the actual agreement you agree to sign, how long, how much commission, that’s not to see individual agents have to agree to your terms, but if you feel uncomfortable with the terms you are free to negotiate or shop around, however an agent cannot legally show you a house without an signed agreement of some sort. 

Depending on the extent of the rehab on property 2 it would make sense to have that completed by a contractor before handing it over to the new PM.

Tenant rights across the country vary widely.

@James Wise you have spent an entire day trying to 'prove that you're right and I'm wrong' in some way and even gone to the extent of asking others to come in and side with you to somehow discredit my opinion.

To your point that the data needed to find properties these days is widely available...

Until they start to use these new laws and mandates against you.Remember, just a few short years ago, the lockdown and the ability for people to not pay their rent nation wide was crippling small landlords.   

Not only will you likely find vary wide price differences for the same repairs, but you will also likely get differing opinions on what is causing it.  

(a) If the Company establishes the title, or removes the alleged defect, lien orencumbrance, or cures the lack of a right of access to or from the land, or curesthe claim of unmarketability of title, or otherwise establishes the lien of the insuredmortgage, all as insured, in a reasonably diligent manner by any method, includinglitigation and the completion of any appeals therefrom, it shall have fully performedits obligations with respect to that matter and shall not be liable for any loss ordamage caused thereby.. . .To the extent that you are requesting compensation for the Alleged Damages, please see Condition8(a) of the Policy which provides the Company with the right to establish title as insured in areasonably diligent manner without being responsible for any loss or damage to the insured.