Or do I just use the remaining balance of the loan?

There is a balance, but if I find someone I like, I will recommend them to others and use them anytime I need something (and I have done with my PM and my realtor).  

The alternative...if the lease specifies, is requiring him facilitate the sub-lease to a tenant approved by you.

Nice work if you can get it.4/5. yea some states require a registered agent and have a fee OKThe rest is crap.

Thanks in advance.Fannie Mae & Freddie Mac are out because they both require mixed use properties to be a one unit dwelling.

Thank you  @Jamal L. those are very normal terms and requests when negotiating commercial leases that require tenant improvements.

DSCR requires "No employment" or job seasoning and is 15% for single family and 20% for 2-4 units.

Yes they are required to clean up immediately after use

I’m looking at executing on a 15 unit deal and using third party PM.My question for those who have done the same, how does the third party execute the various requirements such as leasing & maintenance and how much do you pay for those services?

Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.