I would like a small cut of profeit but the knowlage and experience is what im truly after.

Should they NOT want to sell the home with us - we have to cut ties or wait until the tenant vacates before turning it over to another outside agency.  

I would expect a small cut of profit but as i said im mainly looking for expirence.

Forgery is a covered item in title insurance.. this to the tune of 15 MILLION Dollars.. they paid but after myself being grilled by the big boys from Miami  LOL.I have one going now on a land locked parcel.. my claim is 450k.. they need to buy me an easement or cut me a check.. they missed that my property was indeed landlocked..

Plus, if it's your first experience with a property manager (and out of state investing) you might want to see how they perform on something that's more cut-and-dry and letting your first experience with them be managing a rehab project.  

I believe in proverb "measure twice, cut once." 

I buy at auctions, there are a few trade secrets when it comes to dealing with tanks that mitigate the risk but don't cut it out completely.  

Do we just cut them checks directly from the LLC or we need to be running payroll through ADP or another similar company?

Our goal is to acquire buy-and-hold rentals, SFH for now but I dream of a small apartment complex purchase down the road.Currently employed full-time-plus as a veterinarian, I absolutely love my career, but aspire to cut my hours back to part-time.

Now that I'm in NYC and married he's cutting me loose!