But the original draft was to ban tenant screening pretty much entirely.

sort of guess they can dissolve anytime but procuring cause would apply or something, albeit potentially difficult to trackPart why I think upfront payment will not work well, nor the fee-based where it’s more like attorneys.  

Markets like Indianapolis:  state of IN has a 2% tax rate and investors get no homestead exemption;  That means on a $350,000 home you're paying assessed value tax around $6000/year or $500/month;  Add $200/month what you should figure as short & long term capital repairs;   $175/month MGMT:   $75/month lease fee assuming tenant stays 2 years;  $25/month HOA minimum, 1 month loss of rent assuming vacancy during turnover every 2 years = $80, and you are at $1055/month:  This is based on a nice neighborhood/class A/B in indy Suburbs;  On a 4/2 1/2  SFR you'll pull $2000-2100/month rent,  so you're left with $1000 to cover your P&I and profit.

Not only do I tell the people I interact with that I am looking for distressed properties (my focus) but I also tell them that I pay a 1,000 referral fee for any unlisted property that they tell me about that I buy.

@Sarah Moore This issue is going to be resolved by the law of the state where the LLC was originally formed. 

You may have to sweeten the deal more than originally anticipated, especially for a comparatively low rent (in my area, 1000 a month is a steal).

I am originally from Washington state and know the area very well. 

If you are running PM fees, 10% vacancy, big expenses or things like that then you will never find a 2-4 unit that makes sense.

You can put your capital into play in small tranches without having to their entry fee.  

I did a quick search and didn’t come across it originally, but I will double check now that you’ve pointed that out to me.