Your lender will hire a professional appraiser (at your expense), and the appraiser will determine the current market value, which will then be the basis of your LTV. 

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

I also don't have a team of contractors to hire for repairs. 

I hired Saunya as my property manager and she met with the tenant.

My agent says there are no inspectors and suggest it should be me to do it, but I am sure it would be better to hire a professional home inspector since it is a Pre-construction project and I will be the first owner.

Why not hire an agent?

It's a bit pricier than most options if you hire it out, but it's actually a pretty easy DIY job if you can do it yourself or have an hourly person you can hire to do it competently.

Bird in the hand.. there is no shortage of old houses in the mid west that need rehab.Of course though if you hire and agent and do the we are showing it on these days and accepting contracts on this day.. in some markets you will get that over bid situation. 

Even if you hire a PM, it's still worth investing to get a better understanding of how to manage a rental.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.