Super helpful in finding potentially motivated sellers and calculating ARV quickly.

Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.

I would go against investing in them.

Long term rental What made you interested in investing in this type of deal?

Quote from @Michael Addison: Hello,First time out of state investor from CA interested in Cleveland. 

You see a boat jetting across the bay and then he walks into a luxury house.   

The house of Morgan, the history of central banking and the enslavement of mankind, etc.

The HOA was included in the foreclosure.

This has been my observation in 45 years in real estate investment.  

Purchase price: $310,000 Cash invested: $68,000 Single Family Home in West Hartford #2