It makes things easier, because I can prioritize my response time to the level of expectation it appears my client has.

If you are only buying multimillion dollar properties or large apartment buildings maybe you can justify it, but if you look at the really big players on this site who buy and sell millions of dollars of property, how many of them have 4 layers of companies and remain anonymous? 

Why on earth would they prioritize damages over lost rent other than they (the PM) have the money and want to keep it.

You'll find that being around other investors, brokers, and players in your local market will be the biggest leg up you'll get vs. all the podcasts and books you can ever read.I'm currently thinking about enrolling in commercial real estate course (Break into CRE) and that's a grand whopping... $99/month with free cancellation. 

It's only the day of closing that we found out who the key players were on their end, but it was already too late.  

You go to breakfast, lunch, and happy hour with the players....It's a long game as many holds are 3-5-10 years. 

So if you're at least looking to stay in this part of the country they're good since they also have a good RI presence.First American is nationwide and definitely one of the big (if not the biggest) players in the title insurance area.My understanding is that there are parts of the country (like the East coast) where attorneys are the ones to regularly do closings, and there are parts of the country (like the West coast) where title/escrow companies are more normally the ones to handle closings.

A well-structured lease ensures clarity and accountability for all parties involved.ConclusionBalancing friendship and business while managing tenants requires a strategic approach that prioritizes open communication and clear expectations.

My #1 advice is to do some searches on the BP forums, find out the players in the market (wholesalers, rehabbers, providers, realtors) reach out to them via PM or direct on the forums and fly out there.That was the advice I got and I am very glad I flew out and checked out the market w/ my own eyes.

I've found that local lenders will be timely and understand the market better than a national player (going through a mortgage broker for national companies), however your rate will generally be higher.