For example if you need to pay contractors for rehab work performed you will have to send a request to the custodian, they will have to process your request, mail out the check, it can take days/weeks.

We own large apartment deals in KC, Lenexa and Lawrence and have always found the KC metro to be a steady performer.

Will be a good exercise for you though if you get more concrete #s from them. 

I know people perform these transaction sans Realtors, but I have heard a ton of different opinions on the subject. 

Personally, my investors clients may start with working with several other agents, but over time - the other agents who don't perform weed themselves out and we're the last ones standing.Also, most of our investors don't require us to do detailed financials to see if the deal works.

After doing that little exercise, honestly assess how long you plan on keeping that property.  5 years?  

I hope the comments have helped you to evaluate your performance and attention to details and less on the emotional reaction of the buyers (this will continue to happen!).

I have yet to hear of a bank exercising the DOS. 

disclaimer : I'm an investor agent / property manager in MilwIf you want someone on your team looking out for your best interest - yesNot required when performing for sale by owner / private sales.

I didn't complete many of my goals (more specific), my real estate goals for 2014 enumerated:Cedric, you are to be commended for writing down your goals, keeping track of them, being accountable to them, and evaluating them in terms of past performance.