. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

This hands-on strategy allows you to add immediate value and build capital quickly to reinvest in larger deals.

Investors on the other hand are often over extended and can not make timely payments.

Private money lenders or construction loan specialists, on the other hand, are faster and more flexible, though their rates and terms will likely be less favorableFor a more rural area, local banks will almost certainly understand the market better, but connecting with private lenders who specialize in spec homes could provide more agility.

If it keeps getting out of hand then I would then send a notice to quit to the troubling tenant. 

Additionally, do not forget that our asking price is negotiable so please, if you see a property you like, call us and we will work with you on these participation opportunities.As to some of the trailing comments to your thread:Once a receiver is in place, that property is in the hands of you and the court.

There was a recent webinar, bottom line, it looks like Darryl Heller sold off many of the ATMs, didn't pay the people who put the cash in them, didn't pay the stores that have them on site, isn't providing information to David Zook's team that the court has ordered and is racking up something like $50k+ a day for not doing so...it is a complete mess and seems like there are only a fraction of the ATMs that might still be producing money but the company hired by Zook to get their hands around all of this is running into many roadblocks because Heller's team isn't providing info. 

The only "hands off" real estate investing is REITs.

When we order an appraisal, we are handing in a rehab budget to the appraiser and they will use this to help calculate an ARV which is used in the lending calculation. 

Comparing this to oil or timber rights is comparing apples to hand grenades.