I realize these are probably questions I should ask when I interview a potential managing broker with whom I will work, but wanted to get your experiences and perspective on the subject.Thanks in advance!

Please tell me how would you handle this situation:

A buyer asks me to find something for them. I put an ad into local newspaper (or somewhere else, maybe direct mail). "We buy this in area x, tel 12345"
The seller ...

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.