Ken Bugna I think you do not consider taking such a property UNLESS you have a much higher negotiated PM rate.In PM work it is mainly a money loser for a business especially on the residential side if you want to scale it large.Those rougher properties and areas the PM's want 12 to 14% management fee because of the exact reasons you mentioned.

Keeping equity in the deal is a personal choice, but if you can pull out some equity and buy another property it might be a great option to scale up.

I'm currently in the scaling mode to get to 40 homes, once I get there then I want to focus on more stable debt and pay down of the debt. 

I'm communicating with probably the best TIC operations attorney in the country (I'll introduce him later), his firm deals mainly with conversions of larger complexes and HOAs and works nationally and on an international scale. $$$$$! 

Asbestos can be found in the following:pipe insulationduct work tape (it will be white)vct and the adhesives (9x9 size not the 12x12)blown-in insulation like the vermiculiteroof shingles (fish scale or diamond pattern)popcorn textured ceilingsGood luck! 

He is too small to get the economies of scale, and too big to not require following these new rules.

In fact it’s way to the top end of the scale.

Yes I defend wholesaling and wholesalers that do it right.. and that, somehow pisses you off so you come here all tough, with your inflated chest trying to ridicule me in front of others... and thus I MUST have a "vested interest in promoting wholesaling".I don't even wholesale anymore... but it is wholesaling what got me where I am (doing multiple millions a year now scaling to $1M/month).So tell me about your mom!

I am going to “scale” this business so that I own 1/2 of (insert midwestern or southern town).

Reading reminds me of Baltimore City in a lot of ways, just not on such a big geographical scale.