Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

@Michael Noto No, I haven't yet because for the most part, everyone willing to live in this neighborhood has crappy credit and I hate to charge people that won't meet my other criteria the fee so I look at everything else first to rule out unacceptable tenants (court records for multiple evictions and violent crimes, bad references, facebook posts showing undisclosed pets etc,etc...)

If you find someone they will pay you in assignment fee on top of reimbursing your earnest money.

Closing costs for everythIng (including $1,600 origination fee) will be $3,600.

You can probably form it on your own and just pay the state filing fee.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Yes, when you prevail, you may recover your fees...but the other party knows it's a long, expensive road to that point and figures sooner or later, no individual can outlast them.

They would probably do the current house but take a long time, have expensive fees, and the local mortgage officer doesn't know anything about investment properties.

Most banks get a Brokerage Price Opinion for what the property is worth and you have to show the hidden flaws in the arguement, hidden repairs, and dangers of the house and how difficult it will be to sell it.In all honesty this conversation can take a long time I had some training on it that was 10 hours long.