The margins are tight in this arena also, but at least you won't be cash-flow negative.Due diligence is key... you will probably want to spend some time learning how to vet sponsors and how to perform stress tests, etc.

The work was done extremely slow and now that we have been back to see it the hvac closet it full of trash and debris from their work and the unit is still not performing as it did for the 6 years before we rented it out.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

They will perform but not typically at a cashflow point.

Landlords, which financial institution do you use to refinance your performing rental properties?

I'm also very honest with my clients about how their property is performing.

In the end, you might find yourself holding a lot of rentals selling the worst performer rentals keeping the best and diversifying yourself, and making it a win-win-win situation.

Can you perform a direct mail campaign if you are not a cash buyer?

How is the Salt Lake City real estate market performing?

If this ONE party doesn't perform, then the other party is not held to the contract.Now, this doesn't mean that a seller won't allow it (either an EMD from a different entity, a late deposit, etc), but they wouldn't be obligated to allow it under the contract.Like most things good open communication usually takes care of this.