Readers are advised to seek professional assistance.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

They argue that their renovation is top notch, so the price is justified, which may or may not be true, but but generally the high quality of the renovation does not pay sufficient dividends in the form of increased rent, so the price to rent ratio just isn't there.They typically advertise a 9% to 13% cash on cash return, but be careful, this is their "first year projection" and in their first year they do some things that I find a it deceptive, such as not accounting for vacancy because they place a tenant prior to closing, and they budget essentially nothing for repairs or cap ex since it is renovated and they offer a warranty. 

Situated on 5 acres in Linden, MI, the property offered a single-family home with a pole barn, promising versatility and market appeal.

Situated on 5 acres in Linden, MI, the property offered a single-family home with a pole barn, promising versatility and market appeal.

Also seen the opposite where decent lot, decent price, looked clean, but when I got there must have been $100,000 in cleanup needed with all kind of trash and junk on that lot.I've never been to Harris county auction, but from what I understand they have multiple auctions and maybe even different locations depending on the precinct, so know where to go if you can.At one time there was a lady that would offer orientations at Harris county maybe 1 hour before the auction starts.When you are ready to bid, know how to pay. 

Granted the terms I offer a lot of the time aren’t amazing (they have very low interest rates), but that’s the only way I can make deals work.

Situated on 5 acres in Linden, MI, the property offered a single-family home with a pole barn, promising versatility and market appeal.

The COVID-19 pandemic accelerated these trends, as remote work allowed more people to move to areas offering better lifestyles.

Just look for a shop that will teach you the basics of real estate contracts, offers, MLS navigation, and disclosures.