Of course, everyone gets to set their expectations.

Then set a policy as to how much late rent is enough to ignore vs filing a unlawful detainer (or whatever your state calls it.)

I suspect it will be well used and have high maintenance costs.Software: office of google office, asana, possibly quickbooks (i would normally not suggest for a single rental, but the rent by room compounds things).  

- Why would you expect a well-run, profitable PMC to work for free handling maintenance? 

I'm new to real estate investing, but have thrown myself into learning as much as I can by joining a Veteran based investment community, have been working with my realtor and looking daily for potential multi family properties in the Dallas area for house hacking, which I've set myself an deadline to be completed by May.

As for soft costs, you’re looking at a fair amount for a condo conversion-there are legal docs to have drawn up, reviews, surveys, recordings, setting up the HOA, reserve studies etc.

I've known about Jerry for YEARS haven't spent one penny and have received a ridiculous amount of value engaging with his content, again for FREE.

Now they are required to obtain a commission agreement before setting foot in a property to show it to you. 

I now am more selective about loan officers as well as lenders. 

That puts any of their data sets into serious question.