Sounds like this date is the middle of December 2019, so they would be minimal.But for him to say he doesn't need the statements at all tells me he is not aware that the expenses can be capitalized and depreciated. 

He had videos on YouTube about bulldozing CHEAP distressed property on the east side and building new construction.

Risky to do a project far away from home, out in the middle of nowhere.

Most of my properties that I am acquiring now are near downtown either in Third Ward, Museum District or Eado/East End area.

Where we live, $100k annual income is upper middle class.

Here are the inputs:Purchase Price: $400-450K per propertyDownpayment + Closing Costs: $90-100K per propertyMortgage Payment: $2,000 - $2,200/month assuming $2K/year taxes and $1.5K/year insuranceTotal Monthly Rental Income renting out all the rooms (6 bedrooms x $700 rent per room on avg): $4,200Total Monthly Rental Income renting out all the top rooms (3 x 700) and renting the bottom unit to a family ($1,700): $3,800Total Net Rental Income Before Utilities/Maintenance/Reserves/Capex:  Low: $1,600, High: $2,000Utilities: ~$400 assuming that you pay for everything, internet, heat, electric, gas, water, storm drainageMaintenance/Reserves/Capex: $400 to have enough to cover any items that could need repair, maintenance, etc and accounting for age of house and more wear and tear Total Net Cash Flow Per Month: Low: $800/month High: $1,200/month, Middle: $1,000/monthAlso, I didn't include you adding any extra rental income for for adding utilities to rent/garage spots rent/etc, so these cash flow numbers are very conservative but realistic. 

Generally, I find that's the middle-class group here, never had to work in food service as teenagers, never learned about food safety.

Honestly though don't be overly concerned about that if you're floating nicely in the middle.

The project would be in the East Riverside area.I've had a few guys come out to look at it, but it was like pulling teeth to get a quote back from any of them.

Long story short, I am really not confident about my PM and would like to know what happens if I want to hire a new PM in the middle of the contract and/or in the process of evicting my tenant.