They accepted a better offer w/o even countering mine.

Monthly splits, E&O costs, who holds the contract with the owner, what do you cover vs them, caps, etc.  

How important are the terms, (pre pay, fees, non-recourse, I/O, etc.) vs proceeds?

I would like to have an attorney work up the contract (as opposed to going cheap-o with an online site).

Don't forget that part of what you pay a property manager to do is to keep up with licensing, trainings, and E&O. 

I love using zillow, trulia and rent-o-meter to get averages for my area so I can see what actual market rents are and then use that to determine a strategy.I have found 3-5% yearly increases seem easier to manage for folks.

My name is Austin and I am a 29 y/o active duty officer in The Air Force. 

Hi everyone,I'm a 20 y/o first-timer with no real estate deal experience (also first time posting on any related forum).

when a real estate license has been suspended for failure to maintain the required E & O insurance how long does the licensee have to comply with the requirement before the commission would charge a penalty fee to reinstate the license? 

However, the cost for me to sell the furniture at fire sale rates, plus lost income during this phase (plus had to turn away and refund a corporate rental for a month), plus the losses incurred as a result of having to accept a lower income model is significant.Had they properly represented the association and conveyed the rules appropriately, I never would have bought the condo.I assume the property management company has E&O insurance, but I don't really know.What is my recourse?