I heard it cost $100 filing fee so I didn't want to waste money if I didn't have to. 

Your PM fees for LTR will be more in the 10-12% range, while for STR it is more in the 25-30% range (and don't forget about GET/TAT). 

There ae also holding costs, After the flip you have real estate fees and closing costs to pay.

* Do you have a setup fee?

Now this can be done in Urban areas as well.. those in the Know can find these hidden lots and there is some big money to be made at this.

I can fix any issues we can see and know about right away, it’s the hidden ones that older homes just tend to appear.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

He didn't say anything about flipping the properties TO HIM for a finder's fee. 

In that process, I got my real estate license to buy the house and save on fees. 

I guess it's just too many factors to consider and it easy to get overwhelmed and cannot get accurate info and estimation when I conduct analysis (ex. property tax rate, insurance, maintenance fee, rent, repair, closing cost, etc.)