If any of the big mechanical items or appliances go bad you'll be covered by the warranty3.

>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!

Would you rent to some one wanting to do a business out of it for a mechanic?

There are also creative plans out there that effectively solo fund a defined benefit plan (pension), sometimes referred to as a 'cash balance plan' - these are very complex and highly formula driven, but they can create a powerful savings mechanism if the right circumstances apply.   

A  few  years ago, I stumbled upon a financing mechanism that I believe seems underutilized in the real estate investment space: securities-based lending.

I'd recommend having an attorney review and make sure it's more than fair to you too. doesn't seem like it in this. people think real estate flipping is low risk but I can tell from experience it's far from it. wait till they don't pay a contractor and you have a mechanics lien. that trumps yours 

Your mission, should you choose to accept it...please share how you are using Podio to manage your mail campaigns, how you are tracking cost and what mechanism you are using to get your mailings done (ie are you exporting as a spreadsheet to upload to click2mail, have it automatically sent there from Podio, etc.).

If they don't, your defense will be up to containing the damage to that one rental property where the claim arose from.As for the mechanics of transferring title, it's a fairly simple process, and yes, you will find many things out there about triggering a "due on sale clause" that's found in many modern day mortgages. 

Example, rough mechanicals, roof, etc.

I want to get the mechanics behind calculating returns so I can learn to get the numbers myself.