@Robert Gilstrap several reasons:1) Investors think they are smarter than all dumb ol' PMs, so the cheaper idiot the better.2) Investors think PM services are a commodity, so if they all offer the same service, price is all that matters3) Investors don't do enough research to understand everything a PMC does, so in their ignorance they default to shopping by price.Take your pick!

Sometimes the loan contingency needs to be as long as the default of the loan to make that happen for the lender/service to get the loan done.3.

The proper comparison is discounting that $337k on a 5 year term at a seven percent per year discount, then further discounting the end result by the risk of default and cost of having to foreclose, together with the risk that my buyer either trashed the place or put a tenant in there that now I have to evict (and is another trashing risk).The net difference may not be worth the aggravation. 

The Agreement also states that he will be subject to the terms and conditions of the Lease Exhibit A while living in the home.I have two concerns:  1) in this type of arrangement, would I be able to evict him if he defaulted on the payments?

They are threatening to put my loan into default if I don't give them the documents.

This might be interesting:  I purchased a property subject to a bank's defaulted note and mortgage several years ago. 

An ejectment lawsuit with a default judgment will take around $750 and 3 months. 

Luckily most of them are locked in fixed rate loans which gives both the syndicator and investor more leeway and time. one thing that investor many times do not realize is that the biggest risk for any risk is market risk, when buying in market where default cap rate is 3% and interest rate near zero, your upside is very limited even when rate is stable.

Still, defaulting to Safe Harbor results in many business owners missing huge tax deductions and/or unnecessarily over-contributing to employees. 

Hopefully you have a contract and can follow the terms of the contract. get an attorney, give them notice they are behind schedule and place them in default. you need to terminate them the proper way to make sure they do not come back after you for additional costs.