Due to regulation changes, banks usually hire asset managers and list REOs on the MLS.

Now, there's definitely room in these numbers to hire a good property manager.

Perhaps he's selling for financial reasons and I could then go back to him explaining that by avoiding some minimal effort such as calling insurance to deal with some issues could cost him big in the long run because when the market is sh*t in the next couple years (if it gets worse) he will have to hire a Realtor and pay 6% to sell it nevermind the fact that his house is at peak value right now (depending on your market but most places hit peak in 2018) and if he decides in a year he wants to sell it will be for less money.There is always an angle with someone you just need to find it, and sometimes yes it is very hard to do so.The worst case scenario is you get your money back and can mark this down as an 'experience' deal

Anyone has done it in DC without hiring an attorney?

I since have hired my own cleaning girls.

Also, you will need to hire different type of attorney depending on whether you go the syndication route or JV.

When do you find it necessary to hire people to do things like accounting, incorporating LLC's, acquisitions, (if you own out of state do you have someone manage the local property managers?)

If you hire someone, get new laminate.

Originally hired rental management company that from neighboring town (where we live) instead of in town and didn't have contacts or experience in town.

Hi Zach,You can either cold call lists that you purchase or leads that are generated through D4D (if you can find a property scout/bird dog situation), hire someone to place signs for you.