My advice for anyone looking to hire a PM company is: Review the contract very carefully!

My property is in a depressed area walking distance to the largest employer in the area which is a shipyard. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

@Nakul PatelBest asset protection is an insurance policy, you open a LLC then you are gonna have to pay like $850 a year for it if you are in California even if it’s a LLC in another state plus other fees and costs.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

Your house isn’t just your haven—it can be a financial asset too.

How hard is it for a person with high credit score but no income, retired to get a loan?

They are great deals in markets like this, but if you get in a bad neighborhood, you can loose a lot. 

I don't think the market is a huge factor UNLESS its a SMALL/rural market where filling a vacancy could take longer because of low/inconsistent demand. 2.

We are flipping a home in Maple Heights, OH.