There is a fundamental difference between charging a flat fee like you are to cover administrative costs and running a maintenance arm out of a Property Management Company that encourages discounting work so they can recognize an additional revenue stream. 

Hey Allen, What lender is pushing an ARM?

That's not practical for family helping out and it's too large an area to get your arms around and really learn the ins and outs of as an investor. 

DSCR isn't going to work with a nons-arm length transaction or any type of financing/lien on the down payment

He wants to retire, but he can't really sell the portfolio, does not have that much equity and he is holding it together with both arms, so he can't step back.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

So rather than having truly "independent" or "arm's length" recommendations, we get the appearance of recommendations from some sort of affiliation.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

Then armed with this knowledge, when you do hire a PM, you will be able to spot any BS on their part.