It is easy to be over charged for management of out of towners or over pricing at purchase or bad location.Don't let this scare or discourage you!

In reading this thread, I think you have larger problems than just if your partner is overcharging you $200You wrote that the house was built in the 1800's and needed major, "never ending" work, so it's surprising to see that you've only had to spend $8,000.00 so far and are already over budget.

Granted this would not keep a partner from kicking back funds after closing.Kick backs seem to be common with rehabs, over charging by contractors and doing additional work or cash back and phantom workers.

Are the Gurus still out there overcharging and under delivering and getting away with it?

I'd still have inspections done but one of the biggest property management ripoffs, overcharging for maintenance and repairs, could be avoided.

I am not sure how to think about this; is that good news in that the likely value of this property is more than I paid, or, perhaps, the insurance company was trying to pull a fast one on me and overcharge me for premiums?

Right now HE perceives the value of your site to be pretty good, so if you were ever going to sell I think him paying a couple thousand for it would be a strong offer.I don't know which company he is using so I wont speak about them specifically, but in general a lot SEO / Internet marking companies are full of ****, over charge people for work that never yields results for them.

To counter act that I chose a  property management company and it  was terrible, very uncommunicative, poor tenant selection,overcharges and poor care taking. 

If the drains were clear when you handed it over, charge them for the repairs when you do their move out. 

I just need a legit licensed GC or handyman that does quality work that does not overcharge or just in it for the money.