Quote from @Yamil Naf: Quote from @Andrew Steffens: Echoing @Jonathan Greene above but if I was interested in doing this project why would I not just do it myself and keep all of the equity and cashflow?

i will only buy if i have some way of keeping my overall expenditure low - for example, BRRRR. 

You want to keep more of your gross profit and think it would be a good idea for others to accept less so you can have more.

But, it will be too late for some.Those who recognize that we are more than DNA and body parts will take themselves more seriously.Putting air into a basketball that has a hole in it will keep the ball inflated only as long as the air going in is faster than the air coming out.

Is this generalization only applicable when rent is keeping pace?

Hi David Oh-You asked about a profit sharing bonus for property managers to give them an ownership mindset and incentivize them to align with your goals for quality property management.I love this idea.While I do not have a formal profit sharing plan, I always like to recognize the property management company with gift cards to the operators and the people within the property management company I have regular contact with that help keep the property running well and keeping costs down.Related to this, a handwritten thank you card to the same people periodically goes a long way.I also like to do the same for the tenants that have been paying rent on time.To your success!

Definitely something I will keep in mind for my first property. 

This helps prove your direct participation.Proof or Documentation – Keep receipts, invoices, emails, or even before-and-after photos as evidence of your work.

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

I can certainly touch all of them in a long version of the story & analysis with ample details, but that would take me a while to write.