I have a real estate agent and he is shooting me leads on fixers and REO's that meet my criteria and around my price point.

My neighbor got me a lead on this duplex in a great neighborhood where the seller is asking 135k.

However, I have found several leads.  

We're trying to do this right, so we are creating a landing website and plan for direct mail to be one of many lead generators.   

I need your advice and knowledge about leads.

I am wary of being in a blind leading the blind situation.

Wowever, you have to be careful and ensure they can't tie your charges to a protected class.You could try leading with a carrot instead of driving them with a stick.

Even experienced developers can have this problem, in that they're only exposed to the sites they've developed in the past, where I've seen issues that have come up not only on their project, but also on other projects with their own unique site issues.This often leads to overpaying (or almost overpaying) for the potential value of the property....sellers fuel this idea .

It seems like a high fee to owners, but the PM business would be so much easier, profitable and hassle free if there was never a turnover or leasing commission.Steve I agree low/no turnover can be a good thing, but would be concerned that this bias might lead the PM to recommend below market rent increases on renewals.  

ADDING ECONOMIC CONDITIONS - ALSO DECELERATINGNote that the home transaction price in right axis has different scale..Fortunately, the leading index for the state is still holding up, and hasn't showed that downward trends that foreshadowed the last decline as early as 2005!!!