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?

2) PS specific home - We looked at a few and were intrigued by one that is a 3/2 (plus self sufficient ADU, former garage) with a nice pool, yard but 2/2 on city records.

I would also plan on a maximum of 75% loan to value with either of these products, so if you get your $325,000 appraisal, plan on a $243,750 cash out. 

The plan is for them to save a little bit more and wait for the sale of their parents house to get a gift for the down payment.

This is for both 1-4 unit properties, and for over 5 unit properties (which are more tightly underwritten).As for the term side, these are typically for properties that are in livable condition and are being rented out.Please, feel free to reach out if you have more specific questions.Regards,Jackson

We manage our own and plan to continue as we acquire more.

There is no specification of materials or direction of the borrower.I can certainly see why you would assume that taking percentage of profit implies particiopation in management of the project, but I personally don't agree that taking a percentage of profit in lieu of interest constitutes influence in the project, nor have I ever seen it happen.

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

I plan to keep this house and use it as either a rental home or continue to house hack it.

We’re developing onto an existing residential property through the addition of an ADU we plan to rent medium term.