Every time I've seen a failed or failing PMc, I also not a total neglect or ignorance to at least 1 of these functions, and something to a incorrect thought that they could run a PMc just doing/focusing on 1/2 of the above. 

It's amazing how often I need to help course correct investors that have been fed bad info by other investors, incorrect blogs/articles, by agents that should know better, etc.

The laws have addressed this since the 80sWe routinely still review prospect returns, some prepared by the Big 4, where there is incorrect reporting!

is that correct or incorrect?  

Sorry about that I worded that incorrectly I meant unexpected repairs things that I should set aside money for just in case something does happenSo for the expenses you mentioned such as garbage and landscaping, those would be considered operating expenses not unexpected expenses since I know I will always have to pay for garbage disposal and landscaping

@Adam M.First I would like to correct some incorrect information on this thread. 

Am I reading this incorrectly and are you not allowed to approach pre-foreclosure in California with out becoming a foreclosure consultant? 

I've watched a lot of channels and find a lot of social media real estate stars to be either annoying and/or they give incorrect/generalized information.

it was just a temporary quirk when rates were low. if your mortgage payment net of rent is equal to or less than what it would be renting, it's a better choice.say you could A. rent for $3000, or B. have a $5000 mortgage and collect $2200 in rent.

This may be because the contractor was chosen incorrectly, but to say this is not a risk is naive.