A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I am meeting with an agent as well next week, but i think getting an input from other investors would be great as well.

I can tell you all of this good stuff about how I was doing well in the Chris Goff program and you can the program and flop because you didn't do what was required.

Equity plays can turn into better deals down the line with lower interest rates and a refi, with rent appreciation - where you can raise your rents because they may currently be lower than market, and with market appreciation - where the entire rental market moves upwards in rents.But you want to take a serious look at your challenges there... because there can be many - especially if you are a limited funds investor.Equity plays really only work well when you have enough income where you can cover the unexpected.  

I need to take steps to make sure the apartment is as well maintained and upmost safe for anyone living there. 

They are asking for some done payment & then monthly payment, which varied from the 2 sales reps, who contacted me. 1st representative $2500 Down and then monthly payments till $10,0002nd representative $1500 Down and then monthly payments till $15,000($5000 higher than the initial offer)How much you can make as a side hustle if you are on a full-time job as well?

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

And you need to make sure they are CORRECTLY insured as well.

@Jill Davis He Jill I hope you are dong well.

If you don't have a well aligned lock they tend to try to relock and when the deadbolt doesn't engage that drains the battery.