@Drew Sygit The verbiage in our management agreement is as follows: make, contract, and/or supervise repairs, alterations, and/or decorations to Property; to purchase supplies and pay billstherefore; Broker agrees to secure the prior approval of Owner for all expenditures estimated to be in excess of $500.00 forany one item, except monthly or recurring operating expenses and/or emergency repairs in excess of the maximum, if inthe opinion of the Broker such repairs are necessary to protect the property from damage or to maintain services to thetenants as called for in their leases; in the event that Owner is unreachable after multiple contact attempts for more thanforty-eight (48) hours to approve a repair in excess of the above amount, Broker shall be considered authorized to makesuch repair.I've been contacted about high ticket items in the past but these "make readys" are done without approval. 

This would mean you wouldn't have anything out of pocket.They could surprise you and offer to do all owner financing or do it for a few years with a balloon payment.I made an 3 offers on a house and to my surprise the owner gave us all owner financing with a small downpayment and zero percent interest. 

From using data to identify emerging markets to building tools that automate property analysis or management, your skills could really give you an edge.

You'd be surprised at how many people are looking to work with real estate developers to generate returns higher than the market, but they don't widely advertise this.

YUP minimum requirements.. although you would be surprised how many folks cannot get a bond because they lack credit score.. this will weed out the really poor players and give state a vehicle to regualted those that violate the laws without all the grey area currently.

The lender is surprised he is no longer on the loan.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

But to my surprise same properties are purchased by another with in a few weeks.

I'm surprised you can find a manager for 15%.

I'm kinda surprised more people aren't talking about it because it's a fairly transformative law, allowing investors to create ADUs as well.