I’m all for transparency but “2% of tools” has a very weird ring to it.

This is a case where you could probably be pretty transparent with the LO who has given up, "hey I want to give it a whack elsewhere, no skin off your back since you've given up anyways... will you shoot me the 3.2 file?" 

Your method of arguing is so transparent.  

bottom line: quality tenants seeking to rent in good neighborhoods usually don't have a problem being transparent and provide reasonable doc requests.

You will not get that by reading guru self help books ... only through experience of living through it or listening to other more experienced than you who have and are transparent enough to talk about it openly.Also, your previous statement about me at risk of losing my shirt investing in CA SFRs is also absolutely correct ... personally, at present all my stuff is free and clear, so while not impossible to lose my shirt, it is kinda tough to go broke if you don't owe anybody anything :) I also have nothing against sensibly used leverage ...

Most professional management companies won't allow you to change their standard management agreement contract, but it should be a detailed contract and they should be very transparent about their fees.

If you are going to invest out of state you need a legitimate team with transparent business systems created for investors. 

If there isn't some transparent fee calculation available, how do people know the folk in city hall aren't just pulling any old figure out of thin air for your fees?

As other posters have stated, always be honest and transparent. 

My basic value adds are 1) You're actually going to understand just WTF you are getting into, 2) Often times I can put deals together that the overwhelming majority of persons in my profession can't, and 3) Transparency -- how many professional real estate investors have seen a raw rate sheet?