So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Overall real estate syndicates is not for everyone because you have to realise that you may have very limited control over investment, fees and expenses the syndicate, potential for conflicts of among members.

Sixth, releasing after a tenant vacates may necessitate paying a Realtor fee.

The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

Otherwise, FHA allows college graduates to apply immediately upon employment, though there are some more fees associated with FHA and the mortgage insurance is for life.

That's more than half a year of income, plus you are probably paying management fees.

There are some properties I would look at that almost break even and think its nothing more than an assets under management fee and some I would run screaming from.And I agree with your plea to pay attention to the long term not-so-invisible expenses, might not be happening here. 

A simple information report (again fill in form) takes 3 minutes and no fee.  

Ours is set to take 20% of the room rate revenue, 100% of the cleaning fee

I'm also getting a small monthly management fee on the back end (a few hundred bucks).Anyone got any advice?