Hello,I have been an investor for 9 years, my husband and I have 47 units, I still work a W-2 Job and we have 3 kids. 9 years ago this all started with 1 house and it has snow balled into 47 units so far!

They take 10% for the easiest part of the job.

In any event if you hand a contractor a big junk of money at the start off the job you are screwed from that point on.

@Thomas W.There's an unspoken assumption in what you write that most even moderately successful RE investors start from zero cash reserves, save money from their regular jobs and make money through wholesaling and flips with OPM, and then fund their property acquisitions out of their flipping and wholesaling.

HOW a PMC will execute their services should be spelled out somewhere - otherwise how will you know they are doing their job correctly?

This week’s jobs report shows a labor market in decent health: jobs openings and hiring rates are near the historical average, although trending down.

The 3 and 4 bedroom units are the most common, with each being about 22% of the market, followed by 2 bedrooms, 5 bedroom and 1 bedroom.

Hey @Luke Davis, awesome job starting out and diving into your education.

Using this as an example:Fixing plumbing that impacts shared /common areas = $1,000.Tenant-occupied area is 40% so deduct $400? 

Regular LP equity, should the deal not close, should be returned to investors in full.Hard earnest money on Day 1 has become a common practice, meaning you can't get it back unless you can demonstrate fraud by the seller.