This is called passive but there is some administrative work occasionally. 

I have a large database of many thousands of investors or more.

Greetings:Well ... someone has the legal right to dispose of the property, and without heirs, there generally needs to be some sort of application to a Court of competent jurisdiction to have a person appointed in order to represent the assets of the decedent.NB: In NY, you would petition the Surrogate's Court to be appointed an Administrator, based upon your degree of kinship to the decent. 

I use a service kind of like a remote back office to handle most of my administration needs and or maintenance coordination.

Does this mean winner will pay $400K and any other administrative fees? 

.+ Vertically integrated operating platform: We now have around 70 employees spread across five functions: Acquisitions, Property Operations, Manufactured Home Sales, Finance, and Administration.

After I went under contract for a property she sent me a buyer's agreement that not only makes me pay the 0.5% difference between the contract's 2.5% and 3% (which will be about $800 extra), but also charges a $999 'administration fee.'

@Meredith Von Kleydorff I'm not an FHA expert, but keep in mind when investors/home buyers refer to FHA loans, these are mortgages insured by the Federal Housing Administration.

Start building your database.   

Hi, I'm a prospective investor in the Cleveland area looking for a good Real Estate attorney to handle legal work as well as a property manager to deal with administrative duties of my first property.