They say a picture is worth 1,000 words. 

@Sam ShuehI usually don't address statements I dont agree with and just let them go but Sam I need to say as a fellow Real Estate Agent from SOCAL that your Short Term analysis is way off. 

Say a $50,000 heloc will be assumed one day to have a $500.00 a month payment even though today it doesn't since its interest only and at a lower rate than say a year from now when it rises each time the Fed Reserve raises their short term rate.

Or maybe some typical ROIs for the investor within say a 6 month period...based on paying cash. 

I would say a conference call or a group text to at the minimum to set up the hand off, then take it to one on one after that. 

However, in many of the podcasts we've heard it being a great bonus to have your license but no one has mentioned having to put in time at say a Keller Williams. 

At first, it would be for smaller commercial properties, but if the relationship grows well and we make a good team, I'd love to scale up with them.Ideally it's a win-win for all:For the PM:They get a large chunk of equityThey get more business.They get access to my investors' capital for potentially future dealsIn a way, they eat what they killFor me:I look favorable to the lender with an experienced PM team as a partnerI'll get a deal under my beltI'll be able to get help with the downpayment, reducing the burden on my investors and myselfFor my investorsSure, they lose out on some equity, but they'll get a (slightly) higher return due to the lower monthly management feeThey'll sleep easy knowing that the PM has skin in the game and is experiencedTo be clear, I'm playing the long game, so I'm more than willing to do say, a 55/30/15 split with the PM/Investors/Myself and with a 3-5% monthly management fee.

As someone who runs a portfolio of rental properties valued over $50M+ as well as a General Contracting company that will do well over $3M in renovation sales this year i've got to say a guy in your position doesn't yet know what he doesn't know.

Like they say a contract is also a negotiating tool where two parties make a legally binding agreement so there is plenty of wiggle room to stay within the law and to negotiate a position and set conditions then that item  should be viewed next to what the law says.

And if something major happens at my tenant lets say a flood, I wont be able to be there ASAP.Im not exactly sure how it goes but once you get in the business does people own more than one property manager or does a property manager run every complex you own?