From RealPage 10-K page 14, they say "The principal competitive factors in our industry include total cost of ownership, level of integration with property management systems, ease of implementation, product functionality and scope, performance, security, scalability and reliability of service, brand and reputation, sales and marketing capabilities and financial resources of the provider.

It seems to me a larger owner could influence the manager to direct tenants towards them and away from my property)*The property management company has a terrible website, and it begs the question how competent and reliable they may be*It is my understanding that I pay the management fee regardless of vacancy, however I'm not sure on that, perhaps someone who has had prior experience with these type of communities could tell me how they are normally structured.I apologize if I don't quite have the RE vocabulary down, but hopefully you folks can provide some advice and help me get my start in real estate!

Ask a Realtor who has "direct endorsement" and is reliable in getting deals done.

You need to know how to identify proper comparable properties and make the correct adjustments.

I have seen one persons add already but will see if I can find more and compare rates.

Sam, just qualify people on the consistant basis and same qualifications regardless of thier source of money as being reliable.

I need compare the LLC fee w/ the S-Corp state income tax..

Everyone always tries to minimize their cost of money; no argument -- but there is also value in speed, reliability, and a high LTV.Even experienced borrowers have lenders who flake out at the last minute or are just not setup to perform quickly on a regular basis.

Patrick take the time to inspect it, if there is a comparable selling at that price, I would say its a good deal.

I am in the NYC area too, perhaps we can compare notes....MJ