This is a fantastic question and a topic.

Basically, the investor buying a property from us needs to make a guaranteed 8% ROI for example, we pay them quarterly and if we can rent the home out where say we make 11% ROI then not only have we made the sale to the investor but also an additional 3% on top of managing the home.

This is good and bad, good because the market is cash-only, and you can pick up some fantastic deals as a result.

Larry - Here's a fantastic Debt to Income Ratio Primer that we just put out on our mortgage blog.

I can't recall the name of it, but I know it is a top notch organization.

Google "why hire a property manager" and you'll fail to see anywhere among the top 4 hits (I stopped there) do any of them provide "increased liability protection" as a reason for hiring them.

You must be a fantastic negotiator in this business.

Top I can go is $51.

They deliberately have a small window for submitting your request, so you'll need to be on top of it when the time arises, otherwise you'll have to wait even longer.

I ended up changing title companies because I didn't want to pay 3k for transactional funding and on top of that I would have had to pay a special tax that D.C imposes.