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!

Clawing back equity for non performance turns into a legal battle far more often than just terminating a service provider.

@Tim Shanahan I have purchased a duplex for $57.5k, performed a $25k reno and it rents for $1600.

You have to consider how your current home performs as if you invested $180,000 into it today, your mortgage payment today, your rent today, etc.If you sold this house today you would have $180,000 in your pocket.

When working with a cost segregation company, they would perform an onsite visit as well as take care of all of the items you listed above.

This 52- unit property is very well performing.

A scope of work document is more applicable to agreements with contractors, since contractors are the ones who actually perform the "work" and fix the issues.

We negotiated a good price after previous buyer failed to perform.

Once you have selected a few cities that meet your criteria, it's then time to dive deeper into researching the sub-markets that comprise each of them.The sub-market selection will have more of an impact on price as well as investment performance than the city itself.If this is your first investment, I don't suggest trying to find the highest cash flowing property however.

This 52- unit property is very well performing.