Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Yes I understand what you are noting, and I believe on the commercial side of things they are typically not putting their names on the docs like you do for a resi loan but just brokering/underwriting it and collecting a fee as a 1099.

We set the purchase price at about 10% higher than todays value and we don't have to pay for realtor fees or closing costs when we go to sell the property.

I build a lot of similar tools for my CFO clients, so I may be interested in discussing.

This will save you on subscription costs.QBO is a monthly subscription but most accounting software are.If you want to discuss any of this further, I'm happy to answer questions and help walk you through it.Best of luck!

However a couple larger items that should have been discussed: the pipes would freeze every winter (we've since found a fix), no water shutoff exists in each unit, the well pump has to be turned off and cut water to all 18 units, no pest control was ever done on the property, there was a unit that would take on exceptional water during rain due to improper prep and installation of a new concrete slab.

If you'd like to discuss more, DM me and we can have a conversation. 

They like that.My super duper, proprietary "Quick Calc Pro" spreadsheet tells me in minutes what price I can pay for the property, what my cash flow will be, what my entry fee is, how much I can wholesale or fix & flip it for, how much to give the seller, and a ton of other items that only someone deranged and experienced would care to know.

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