. - exterior "usable square footage" (think covered patio, pergolas).- extra storage space so tenants don't feel the need to squeeze their entire lives into one room (extra garage space, attic, detached shed)- room for 2 full refrigerators!

I have a one page lease addendum to cover this, that is executed with every tenant and every lease.

U can check out  ivyridgeestatescanby dot com for my 90 home project in Oregon that I did with my oregon bank and then my website for pictures of homes we built in Charleston SC which is the only market I tagged HML ( lima one) and only one time the rest were done with Ameris bank or Service first bank that is local in the market. its all about the three C's  Character Collateral and capacity..

If a person has RCV or ACV policy makes a huge difference, than question of what coverage level people had and if they had policy add-on's that cover cost over-runs and all that fun stuff, not to mention contents. 

What you want to check when signing up a PM is their indemnificaiton clause on who covers who in case someone does something wrong. 

I want the cash flow to cover any expenses the property may have.With my next property I am trying to figure out what state/town to go to.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

However, most of these properties still cash flow well (or enough to cover PITI). 

Hi Adam,The seller pays the seller commissions and (usually) covers the buyers commissions as well so you shouldn't worry about those fees.The 10% vs 20% I feel like is a personal opinion.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.