When they tell me the current PM it almost always is a PM who discounts fees so low there is no way that PM can afford to provide quality service.

I've just translated it into real estate and from experience this will work far better then multi tasking or choosing multiple strategies to "speed up the process". 

This also gives you not only a realtor's eye who will be thinking about resale values and quality of work from a renter/buyers perspective, but also someone totally independent of the work being done (contractors) and management.

Or those who can WFH at least most of the week can enjoy a quieter pace and better quality of life here, IMHO.

- Steady tenancy (state of NY)- decent return- safety of the investment- 8 miles from Central Park Manhattan- Catalyst for capital gain: The build of a high speed train station connecting to Manhattan in 15 Min. - Area becoming nicer and nicer How did you finance this deal?

Or maybe put a different way, the spread of doing really quality work doesn't pay off nearly as much, as compared to a larger metro such as Des Moines. 

We are searching for good markets with a really quality provider. 

This first turn is simply the "getting it up to speed", and it sort of sounds like you budgeted for the unit rehab anyways. 

Does the quality of the client change the fee you would pay?

It's because they have the MEANS to support themselves should they lose their jobs, even for a prolonged period of time.Part of accepting a low CAP Rate (5% or below) on NYC Properties is to balance it out with Quality and consistent income stream.While I don't mind helping Tenants that are NOT WEALTHY....