I followed a few of the links on their site, but they didn't show their policy.

"New HUD Policy Could Give Short-Sale Investors a Huge New Advantage!"

After that first home, he knew he could trust me, had faith in me, and eventually did almost zero work for me.

The trick for the PM company is to know the pain tolerance of each owner and to determine that "perfect" fee to charge on every repair...A fee large enough to make the owner say "ouch!"

Your tolerance, and your goals can help you decide which way to go.Darren's idea of a multi-family is excellent.

I think in general this has been mostly a bait and switch - first it was an insurance job, but he mis-read the insurance policy that we gave him (he basically thought it was the policy where he could make some good money), so then he revised the bid to be a "cash" job with a $1,000 limit on "unforeseen work" like extra shingle layers and redecking.

You don't get the kind of returns we get investing in RE with zero risk.

Charging $900 for reviewing a title insurance policy on a 30K property and doing dozens may be a problem.

In other words they will give 65% of the 85% of purchase (and value all the equity I built by remodel/repairs, etc. also at ZERO).

I do not need the cashflow for daily expenses; I would rather reinvest it to grow my real estate holdings.I have zero debt but do lease a car and rent a condo for $1000/mo.