I feel with attorneys an important factor is one that actually can make time for you and get your questions answered without always billing you by the minute.This type of relationship is built up normally over the course of multiple transactions whether it be tenant evictions, drafting addenda, or putting out fires that normally arise in transaction.

I was looking at it before as you needed to have value to provide value to others, but meeting and talking with people then providing assistance when a need arises is a better way to look at it.

We understand the risks, are upfront with our owners about them, and will make issues right should any arise from using Rently. 

The best part is that this will continue to grow as long as I keep adding more units when opportunities arise.

So, if I were to hypothicate those unforeseen problems, but they never arise, technically the cash flow should be higher, right?

@Josane Cumandala - I actually don't use a property management company, while not ideal, I manage the properties from here (with typically monthly long weekends there) - I have boots on the ground that I can call should an emergency arise (family & a list of contractors that I can trust).I personally don't see my brand as "slum-lord" either, to help avoid that I'm pretty selective with the properties that I purchase & invest a lot of time on my monthly trips taking care of the routine maintinence.  

I highly doubt any issues would arise.

And doing everything you can to become competent and confident when those opportunities arise.

So long as there are healthy reserves and the board cares about maintiaing the building, the normal dues cover you.I don't budget a specific number personally as I have enough cash to take care of those one off expenses if and when they do arise. 

Sitting on funds for a few new deals when opportunities arise and it's tough.