I hope you have documented the damage he has caused.

That means that they have a separate dept to handle ordering the appraisals directly and they don't farm that out to an AMC (appraisal management company).

Hi Ismael,It's great that you are thinking ahead and properly managing risk.

Some great advice here to do your own underwriting and focus on the experience of management.

I agree with @Michael Plaks - having them provide financial and tax strategy together is not necessarily a good thing.Interesting to note - all of the largest asset management / financial advisory firms I work with...none of them do tax work, they all coordinate with a tax firm to address those needs.There are true "fee only" financial advisors out there. 

I would basically do what this owner is currently doing, which is more or less property management.

MANY self-managing landlords violate Florida law and don't even realize it... they just get away with it because the tenants don't know. 

Even in a perfect market with low interest rates and high resale numbers, and the perfect Contractors and Property Managers.....

First property has been renovated, leased, and managed in line with all timelines and expectations.

I am curious what expenses others pay through their property management LLC on behalf of their rental properties.