No deal will ever feel perfect—it’s easy to overthink, but the best way to learn is by diving in and taking that first step!

hey guys, I've been talking to a potential PM for my townhouse and he sent me his PM agreement for review.There are a few things in the agreement I didn't like, but I'm not sure if these are common practice or true RED flags.Would love to hear your thoughts...

Regarding next steps, I agree that the best way to approach this would be to have one person act as boots on the ground and the other person handle the back office related items.

Kyle The couple of wealthy dentists I know, started by buying the building their practice was in. 

It’s great that you’re taking the first step—that’s the most important part of the journey!

For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

When he had to take a step back for health issues from what I understand the company seemed to go a bit sideways. 

We are considering stepping in and trying to buy the place, but looking for some guidance on STR and what kind of money this place can bring in. 

This is a practice by some less than reputable companies.

In my practice, I am committed to delivering exceptional service and leveraging my decades of experience to benefit my clients.Additionally, seek out testimonials or referrals from other real estate clients to gauge the CPA's expertise and reliability.