Despite higher interest rate environment, there's reasonable probability inflation will still continue - thus increase hard asset valuation.

This would increase the benefit to where the fee would not be so outrageous that it would hinder the investment.

And during inflationary times, our rental rates increase.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

There are always ways to increase the value of most homes, but that is also a crap shoot.

The time back will free up more time to increase your active income, or acquisition of more rentals to get you more cashflow (passively or actively).

Capitalized costs increase the basis and depreciation deductions over 27.5 years.

The increased risk is generated by the fact that the owners are relying on the validity of the tenancy in common Agreement for their usage rights, and it is possible to imagine legal circumstances under which this validity might be undermined.- If the subdivider or someone with relationship to subdivider sells, a public report must be done.

However, on the renting side, we have seen an increase in inventory of days on market too. 

My terms are identical to yours as far as the 1-year lease with 3 options to renew (for them), 3% yearly rent increase, etc.