It has potential to even fit 5 units, or four spacious apartments and one commercial unit (I think a soundproof event space in the HUGE basement would be incredible).

@Kevin Vandenboss when would I arrange for and get to have the walk through, check out the roof, HVAC, heating system things like that for example. 

During the walk through we noticed that some tenants had there heat cranked to 80 degrees, while some kept it at a comfortable 70.  

We found a property management company but before signing the contract, noticed that they put "owner to pay $395 to secure lease renewal of current tenant""owner to pay 8% per month but subject to $100 a month minimum payment" of gross revenues DUE (not paid) prior to monthly disbursements""if premises are vacant at any time during this agreement, then owner shall pay manager $100 per month for management of premises including supervision of maintenance"It doesn't seem like these terms fit for managing our simple duplex rental. 

The reason is for the PMI removal Purpose, they want to do a quick 10 mins walk through the unit and take pics.

The list goes on.You can get a sense from that that how you'll manage in a particular area is really defined by a combo of a lot of external things and how you fit your services into the local market, and how to best serve the needs of your clients and tenants.Beyond all of those things, the best advice you can get, if you're serious about building a property management company, is to really think about what systems you want to put in place.

They are all different, and I never find that these forms fit our specific details, so I have a standard letter I write, which is clearer -- to me at least.

@Sid Payne, I'm happy to speak with you to see if we're a good fit. 

@Brian Pulaski maybe a trip to home depot is in order to pick out the floor you want then walk over to the stains and compare colors.

My wife and I were missionaries in the Philippines for three years and our motivation is to generate a residual income that will allow us to go back and start an orphanage.Here's my first question: we are analyzing every property in our area of Monroe MI, and we want to make offers that makes sense according to our numbers on the properties that fit our criteria.