Do you plan to sit around and wait for them to apply for more assistance, knowing the time it takes to see the first dime?

So one problem you have is as you get larger and manage more you are Dependant on others and will have to hammer home your same ideals and give little room for employee error.Most I have used nickel and dime you to death and simply do NOT go the extra mile if it is something they are not making money on like a vacant property.

I'll do this because there are (usually) financial incentives for unethical behavior by property management company employees to create churn (and additional placement fees) by failing to work with tenants having temporary problems and by failing to promptly take care of maintenance issues they cause unnecessary turnover, by nickel-and-diming tenants for late, lost-key fees, etc., and "damages" to increase their own performance incentives, by charging top-dollar for mediocre workmanship and pocketing the difference, and by steering tenants to their own or their most profitable apartments.

Without having a dime to my name I offered on and purchased a rehab property using private money from my Uncle, I searched online for a website to assist me in drawing up a simple "Note Secured against the Deed of Trust" This protected my Uncle and made sure he got the property in Lieu of foreclosure in case something unexpected happened.

If I had a dime for every time someone said to me "but Credit Karma said...".

Prequal = you sound okayPreapproval = many different things. 1. signed by an Underwriter with all the ins and outs conditions to get to clear to closeThis will list: appraisal to meet sales price, title reports clear, hazard insurance sufficient, proof of trail of every dime for past 60 days, any other personal financial details missing, their tri-merged middle FICO score2. one generated by loan officer that looks pretty good but maybe never reviewed by an Underwriter.For non owner it can often just be term letter, or it can be a commitment to lend.The human issuing the letter and the lender/bank/money source behind the letter really matters.Most listing agents cannot see through these letters.

Set budget for all soft costsIf their are over runs you can see which bucket they go in, if bucket 1 those come out of your partners profits, if 2 or 3 then it reduces overall profitsOtherwise if it’s a lump sum contract you could get nickeled and dimed for costs and change orders

You won't get a dime and you'll spend more time and effort that you'll regret more.

The denominator in CoC includes every dime you spent on acquiring the place and setting it up. 

Don't step over dollars to pick up dimes.