@Scott Rubzin What services are you most interested in utilizing with a management company?

Of course that doesn't cover all the other lenders but anything Fannie/Freddie backed.The national servicing settlement of 2012 included 5 lenders specifically. the program did sunset and it did not compel junior lien holders to be forced to accept senior lien holder offers. 

I've used a local tax service business previously to prepare my taxes and they said they just need the mileage related to rental expenses.

Unfortunately I live out of town and every time I would schedule someone to do maintenance, bug service or any type of inspection she would find some excuse not to be available or wouldn't  be present because she "forgot".  

Voter-approved bonds can increase the 1% base rate, such as bonds providing funding for schools, parks, or other community services.

When the rest of the house is put "in-service" as a rental, you would have more depreciation expense.

Anthony -  thanks for the question … I would recommend that you  contact  your bank  and whomever else you want ...using the same  exact  scenario and questions - outline / ask  whatever questions you have ...maybe gets some  basic  quotes ….once these  conversations are  completed - make a  decision as to whom you want to use for the  pre approval/ pre underwritten process ….. the FHA  product is  very homogenous and  shouldn't  be too much different from one lender to another ….. the  customer service might make a difference

Overall the house has great bones but it will take a few grand to complete the punch list of items needed to remedy: radon mitigation, surface mold in attic, slight leaks at a few easily accessible spots in the roof, electrical service work.

Most yard work is just sweaty.Repiping the house, new electric panel and service, foundation retrofitting, HVAC repair, pouring a new driveway, tree work, exterior paint.

To keep things simple, we stay consistent with our percentage ownership in everything and that is reflected in our K-1s.For additional work I've done for our LLC, we will pay me "management" or "services income" and I get 1099's at the end of the year.