For those who may be interested I also took some notes from an online radio interview I heard a couple of days ago.

You can interview some Realtors and get them to pull comps and get an idea what they would list the house for.

Cheryl, I did see the interview.

Basically, in additional to a monthly salary, my PM gets a fixed percentage of the profit on every rehab -- this ensures that his efforts and decisions are 100% aligned with trying to generate the most profit in the business (though he shares my perspective that doing the right thing trumps $$$ any day).His duties mostly consist of:- Putting together scope of work for new projects- Getting bids and interviewing contractors when we need new contractors- Managing contractors day-to-day and making on-site decisions during rehab- Paying contractors- Buying materials- Dealing with inspectors/appraisers- Opening houses for showings- Dealing with alarms that go off at houses- Keeping me abreast of any issues that ariseHe's basically the on-site guy who my contractors and vendors deal with on a daily basis, and as far as they know, he's in charge (and other than when my wife or I over-rule him, he *IS* in charge).For my buy-and-hold properties, his responsibilities include everything above, plus he is also the guy that my tenants know as the property manager.

I also had a chance to "interview" her over a great phone conversation and found her knowledgable and responsive.

Ultimately, the seller may be happy with even a little, since having the property occupied by a good resident is a better option than untold months of vacancy and marketing.If you love the house, expect to stay in the area for the foreseeable future, and the schools are good for your kids, give the process an "interview".Here are a few questions to consider for the seller:Is there a balloon on the contract?

However, I would suggest that you start by interviewing yourself and having a good grasp on what you want to do and want you can afford or are prepared to do.

BTW, I saw your interview w/ Joshua Dorkin on the BiggerPockets Youtube channel.

here's a little questionnaire I put together to interview property mng companies to compare apples to apples (it's actually in Excel format on my comp).

I should NOTE, that I am not disrespecting the MLS, per se, but MetroLIST in Denver DOES NOT SUPPORT RENTALS - Do a Realtor.com search for Rentals in Denver and you get Zipppppoooo.Like Greg we have a MAIN Site at ineedthishome.com where we do Youtube videos from up to 200 photos AND we maintain move properties from Featured (available) to Currently Unavailable with Lease Rate and Expected back to market date.We capture quite a few tenant prospects that like us at showings of properties that are not exactly right - and frequently have a list of folks in mind when we are interviewing New Landlords.As you may recall from the Awesome Conference Marketing Panel, We Lease and Manage Great Homes and are creating Raving Fans on both sides of the Leasing Table.