So, they can markup what they paid out and keep the difference.Most PMC industry software has these two options built in.So, it's just a matter of understanding how your PMC is marking up maintenance and not expecting it to be for free.Regarding the specific charges you mentioned - there has to be some level of trust with your PMC. 

You mentioned the UB neighborhoods.

From what you mentioned, it might be necessary to evict them earlier in which case you need all of those issues documented.

Since you are not doing super high end finishes as mentioned, doing high end flooring and all other stuff just above builder grade does not warrant tile or full wood flooring. 

Did I mention they also factor ongoing rent increases of 6% for the next 5 years and 7% appreciation for the next 5 years.

I merely made mention of some of the challenges I faced, but those challenges cannot be overstated either.

As @Jonathan Greene mentioned this is kind of a dated strategy in the new price/interest rate environment.

I like how Nathan mentioned that most social media stuff is inflated.

It’s been mentioned that with Subject To transactions are utilized by “equity skimming” operators.  

I don't know how the really big players stomach it.Something else I failed to mention was how the PM's are also tacking on fees on top of rent to extract even more money from our tenants.