A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

What sells well in KC is well occupied well maintained properties with great leases in place. 

Hey @Melissa Allen, everyone here said it well.

He is known to be vindictive, litigious, and a general snake.   

Honestly I get flack for this, but This is why I never pay a contractor upfront and I know 99% say they won’t do the work and will use the “what if you don’t pay me” - well we have a contract and you can lien my house.

I use it for my personal portfolio as well.

Im sticking with Clev, Over the last 10 years it has treated me very well. 

I've spent a lot of time on the pro forma as well, but a lot of the assumptions are based on the Houston market which I'm a lot more familiar with.Does this seem like a viable plan?

@Abigail Lipson there are companies that buy properties, completely renovate them, sell them to investors and property manage for those investors as well on the back end.

It’s like winning lottery - you take lump sum or annualWhen people say well banks do it, the banks can make a $100,000 loan with only $10,000 (fractional lending - which you and I cannot do).