I have a large network plus in depth knowledge of the process to get a project like this off the ground. 

Because that is when the impacts are most felt of everything one has to do with the now pile of ashes. 90 days to do nothing forces people to engage with staying. 

It could indicate they lack sufficient knowledge or experience in professional property management, which may lead to costly issues for you down the line.

I agree that efficiency is a huge part of that equation, and the more efficient the PMC, the more they can stay profitable with lower fee structures.  

You will also need to vet out contractors in the area to ensure you that they can stay on top of your project and will do what they say.

Stay there one night and test it yourself.

People are more likely to buy and stay here, versus move around. 

The agreement of forbearance or modification should have the borrowers knowledge that they are in default, that they understand that the lender is forgoing foreclosure at this time in exchange for the deed in lieu, and that the borrower is represented by legal counsel.  

To get started, connect with a knowledgeable real estate agent and lender, practice analyzing deals, and network through local investor meetups.

Since I am out of state I rely heavily on trustworthy & knowledgable input.