I want to design some cool T-shirts for BiggerPockets to give away (and sell), and am looking for some help.If any of you have design skills or ideas for some shirts, please chime in.

Again it could be a reasonable cost depending on what all they had to do.There are multiple issues here.1.Most of the items mentioned for repair should have shown up on an inspection of the property PRIOR to purchasing.In my mind if you didn't get a inspection from a 3RD party inspector not affiliated with the company selling you the property then these repairs are on you for not doing due diligence.2.The other component is that this property manager has their own crew.I don't like that one but and would never agree to it.Sometimes managers also get referral fees for giving business to skilled trades even if they don't have their own crew.The problem becomes then instead of getting the best rate they have to pad it a little to give back to the property manager for the referral.So either way I am sure the property manager is reaping a benefit monetarily from it.This way they make more than the lousy 50 to 60 bucks a month managing a property.This is why I am not a fan of "one off houses" in an area far away from where I live.This is why I like owning apartment buildings.I can find a full time highly trained manager easily and they use systems and programs to control cost and everything is documented.Since they only focus on management and are not a broker/agent doing transactions and then handling "rentals on the side" my properties get the focus they need to be ran properly.It just sounds like you purchased wrong and then on top of that have a property manager padding fees with the repairs.REO agents used to do this with banks.They wouldn't make much commission on selling the little dumpy houses so would have their company do the trashout,re-key,repairs and charge full market for it.Eventually the banks caught on and choosed their own company to perform tasks and only let the broker list the property for sale.Sometimes that works and other times it doesn't as the broker or manager is now dealing with outside parties they can't control saying work was completed properly and it wasn't.If you haven't had an inspection of the property I would do it now to see what all else might come up in the future so you can expect it and plan for it.

To keep maintenance to a workable level I limit occupancy to 2 persons per bedroom.

This society emphasizes entitlement on every level.

This is not a HOA due on the specific home, this is a deficiency at the community level. 1.

If you do not have a team in place and the skills/experience to rehab and flip, you could lose a lot more money by attempting to do that to save an escrow check.

What I have discovered is that my clients have thousand of REOs nationally and through my relationships at the Asset Manager level I have access or the ability to look at them all.

And it was all this crazy lending that drove up prices to the bubble levels.

it's an investment with a projected return and risk level.

I know others say "only if it's worth the time" but if you draft up your agreements well enough you can protect yourself from liability while you pursue this thing and obtain a great education.I have a lot more skills in the RE market in my area because I took the time early in my career to tackle some weird and complex cases.