Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison. 

Where'd you get your law degree?

I am guessing stricter privacy laws can make this difficult.

Hoping that my brother in law will be able to build and manage a contracting team. 

They are not secured investments and you have very little protection outside of out right fraud laws.

You're searching in the right area, here in the southern/middle part the laws are much friendly as well as the prices.

The NAR settlement was ridiculous and has only forced agents to do more paperwork and disclosures, but the vast majority of us are still working the same way.The law requires the agent to sign an agreement with you.

Laws have changed a lot in the last ten years.

@Stefano Mitrano if it is transferred to LLC they can call the loan by law, and if they have not done it for someone else - would you risk to check if they will do it for you?