What’s the typical income in the area?

Is the back end of the financing always such a drastic risk or is this typically someone looking to cash out quick and leave someone else holding the bag? 

@Cameron Martin WC rates for GC & roofing are typically 20-35% of the total payroll. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Typically, when I'm counseling with an out of state client that is living in a higher cost of living area - the client is usually better off to house hack in an expensive market rather than buying RE in a lower cost of living area unless there is a lot of excess capital to work with.If you have any questions - feel free to reach out as I am happy to chat.

I like to provide the fix and flip opportunities to local investors, and the stabilized cash flowing rental units to both local and out of state investors who are looking to add this type of product to their portfolios, as there are several, high quality full-service property management companies in the area. 

I'm a pretty liberal guy but if I can't make money providing a good service, I'm out of here.

Typically, you have to keep enough margin for both you and the end buyer (assuming its an investor) to make money. 

In my case, at the end of their lease when I wanted to show the property to prospective long term tenants, the tenant gave me all kinds of grief about 'invading her privacy' and 'disrupting her life' even though I told her at the beginning of the lease that this was our procedure and I made every attempt to 1) give 48 hr lead times, when typically I would only give 24, and 2) blocked/scheduled showings for 1 day per week and 1 weekend day away from dinner time/church times, etc. maybe this was just the person I was dealing with though...- vet the tenant exactly as you would for a normal tenant.

While you can typically only ask for a small amount of information in regards to emotional or service animals, that also implies that the person with the dog is telling the truth.