For the cost of filing fees and service fees you get someone with the wherewithal, authority and motivation to fix your problem.

By putting 10% down I probably will be less than breaking even every month ((like an extra $800-900 per month at very low/conservative rent prices)  with the building fully tenanted (as is condition not counting value add with renovations). 

Tony, in this market, the lowest per sq/ft cost an underwriter would allow is probably around $70-$80, that would bring the minimum insured value around $300,000. 

So the partnership would be to split the down payment and other fees, redcue capital expenditure risk in the future, and we would like to do some work on the basement & backyard which is also going to cost capital.

This means every mandatory block is filled in, I have a copy of their photo ID, they provided me with supporting documentation, and they have paid the fee.

I got the property under contract and several weeks later the current managers were caught kiting checks and stealing cash of about $5K per month, while the owners of the property were 20 feet away in the next office suite.

The units sold on the open market for about the same price as if they were Fee simple with separate land deed ownership.

I would like to make it to one of those events, but I don't feel like an investor meet up/event needs to have a door or member fee, makes it feel like it is being done for all the wrong reasons.

Have some quotes going the DSCR route however fees and rates seem on the higher end, we have 790 credit score, good W2 jobs so documentation is not a problem and we don’t have an issue putting them in our personal names, but have had the MFRs for less than a year and operate out of MD.

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?