It also depends if your tenants have good credit they care about.

If you have an older home that requires a lot of maintenance, you probably want to avoid the manager who charges a markup.I recommend shopping around occasionally to see if your PM is procuring fair pricing or just marking you up to make money without justification.As for expectations, you need to read the PM agreement and understand what is charged and why.

But you want your policies to be fairly firm. 

I was able to fund a brrrr deal using 0% interest rate business credit cards ($95k across different cards), I didn't have to deal with lenders and their high interest rates or their draw request process to access renovation funds.

As far as self managing, it’s fairly easy.

The builder offerred $15,000 credit to be applied, however you wished EXCEPT can not be used for price reduction. 

When it comes to experience I have facilitated my fair share of successful projects, however the point still remains that I did not complete those deals completely independently.

Hope is a bad strategy.The only on market strategy that I think can work is paying cash/line of credit/hard money for a property that does not qualify for conventional financing.

Hi @Akintunde AboabaIf you want to reduce your risk of difficult tenants, choose a province with fair landlord-tenant laws, like Alberta, and not BC.

But the risk to the seller on this deal is immense you have a guy tying up a property who has no ability to close it and then sell it to whoever will give him money and that person could be nefarious get into title rip rents could give 2 craps about the sellers credit etc etc..