It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Maybe if you really like these guys and their work...and feel that they honestly got in over their heads, you could throw them an extra $500 just to appear 'nice'.

One less extra software to worry about...

In my opinion, the marginal protection benefit doesn't justify the extra costs and worse financing terms.

@Kobe Carr Please pay extra close attention to the property taxes on anything you buy in Texas.

I am wondering how best to truly know that one’s developers will produce what I expect, windows are usually a given😃 not all that happy with this extra thousand dollar excursion but I have definitely learned much.

If the property is in a rough part and only rents for 1000 and is harder to manage than a rental that's double that and it's percentage based they gave to be compensated fir the extra work. 

To get any cashflow I think I need to be looking for something around $250K, that doesn't need a lot of up front rehab, to give me enough extra for closing and reserves, and in a submarket that will gross 3000/m.

You'll be extra fine if you only buy in good locations where tenants want to live. 

I'm solving all those points with extra stars :).Hi @Josh BowserYes GVL market is not bad but it has some downsides.