Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

@Michael Smythe Great processes Michael!

I have around $130k in this project so far and am worried that I am going to have to take a huge loss on this project. 

The client gets to receive the home as a performing asset with built-in property management in place so the entire process can be smooth and enjoyable.

The tenant then decided to vacate the property and leave a mess in the process.

Don't be afraid of the process!

@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.

While I don’t typically work with real estate agents to find deals, I do collaborate with other professionals throughout the process.

I don't think you are going to be able to get insurance for two separate living units in a single-family when they are both illegal and likely do not have the correct egress windows (basement) for fire safety which could subject you to huge liability if something happens to either party.

We are new so funds are very limited, is there a process you guys use to make sure legalities are set up right, and can they charge on the close of the deal?