Larry, My company is located in Austin, TX and we are a small investment management firm focused on REO acquisition and disposition.

Yes, in retrospect I should have been adamant about collecting the rents and removing my percentage right off the top.Correct me if I'm wrong but most management firms do exactly that and also require a maintenance fund be setup (like a $300 stipend) to cover a major appliance failure so the manager doesn't incur it out of pocket.Also--they don't paint/make repairs out of that percentage fee.

Fellow BPer's, Has anyone done business with the following two firms?

Is it possible to negotiate prices of these properties like normal properties or are these prices firm?

In our area, NY Metro, most banks (but certainly not all) will have a standard appraisal done by an outside firm and base the foreclosure value on that appraisal.

You need to have a team of people and firms at your disposal to help you through th process.

I am assuming my Transunion score is different, but my Truecredit score is 942 this evening.We have a law firm disputing some inquires for us right now.

You can see similar economics at top law firms, where associates work 80 or more hours per week for several years for the 10% chance of making partner with a 7-figure income.It appears as if some people have a natural tendency to gamble and these are the ones who decide to start businesses.

I want to know how to do my research and due diligence on this firm.

Keep doing the whole bandit sign thing.I am a firm believer in direct mail marketing personally.