- Which company gave the quote? 

Two of the companies we work with which due this are Acra Lending and Champions Funding. 

My painter works for a painting company but does side work on his own and often when the company has a break between jobs.

Hello Carl,I worked for a Reverse Mortgage company here in Texas and in NY we used Stein, Wiener & Roth.

what happens with the initial scope of work and the company that's funding me?

Get some referrals from your investor network or title companies. 

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My credit card companies will direct deposit the cash into my bank account in a day or two upon request.

I want to start my own PM company  so that why i am taking the self managing route.  

Given this is your first investment endeavor, I would highly recommend going with an experienced and reputable management company that will mitigate your risk when the not-so-fun parts of property management arise.