Always push for the bidding war, it will push the price higher than what anyone expects due to the competition overwhelm that buyers get and push the property to new heights.

50%+ expense load comes when you have full-time staff on payroll, admin/MISC, eTC.

I would ensure that you will always be able to get in touch with one of the staff.

You dont need housekeepers or a 24/7 front desk staff, just a leasing agent and good maintenance staff. 

Anyone else defrauded in any way is encouraged to start a NEW thread so the threads are so overwhelming it counters his relentless continuance to find new victims to scam to pay off the old investors.

I have found time is better spent building tools to quickly analyze & procure new deals, rather than hyper-analyzing the metrics of one deal, ultimately making initial review faster & more reliable (spend time on the things that make sense, quickly remove things that don't, even junior-level staff can identify good opportunities with the tools, etc).For example, if I'm modeling a SFR to 3-4 unit scheme, I can quickly check the $/sf/mo for each of my proposed units and get a good idea of the GOI without having to manually dig through &  find rent comps in that City/Zip:- So instantly I know in Woodland Hills that a Studio is close to $5/sf/mo on avg, 1 Bedroom closer to $4/sf/mo, with the 2 & 3 Bedrooms closer to $3/sf/mo.

We know how to run numbers and do as much research, but when it's in the scheme of things and dealing with real people, negotiating...it's high pressure and gets overwhelming especially since we're new to this world.

Feel free to inquire about their staff qualifications if it's a larger organization.2.

2)  Does the PM have a licensed agent on staff to act as the liaison for the insurance placement? 

But once your done with the agent for the time being and the lender then its just PM handyman and tenants.. small group.Those of us that are on the Transactional side Our sphere can be huge and never lonely can be overwhelming with all the different players and such we have to deal with day in day out..