On the other hand, a detailed quote with a higher total may offer more transparency and reduce the risk of surprises as the project progresses.I specialize in consulting services for situations like this, where I help clients evaluate contractor quotes, ensure transparency, and navigate the renovation process with confidence.

On the other hand if they are a sponsor that is experienced in stopping a skin in the game, that's a huge red flag for me.c) how open to scrutiny are they?

There is a very big difference in my point of view hearing from someone who knows someone first hand vs. someone who just goes and does some internet research. 

I don't know the #'s off hand but I feel safe in saying L.A. would go bankrupt yr2 if not yr1.It's not remotely feasible.  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

If you think you'll hand it off to your PM to run and take the great amount of passive income as your great reward, there is so much more to it.  

But the font he used was clearly to go out of his way to make it look hand written by choosing that font when we can all see that it’s digital.

I have looked for examples of landlords that were protected by their LLC and always come up empty handed.