In return he moves extra quick for me to get me closed quicker and with less headache.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Doesn't mean that you don't want to make money and also sounds like an extra $50 trying to hit it on the head exactly could add extra stress and strain when you're trying to purchase the next one and have it contingent on getting a signed lease.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Not worth the hassle and extra paperwork.

Downsides included extra time to find the right lender, but nothing "bad" happened.

Go the extra mile and review the data.

I put mine in an LLC just because I like extra risk protection for liability.

That gives me an extra $2,225 per month of income.

I would recommend talking with a lawyer and an accountant - preferably both at the same time whether on a call or in-person so you can learn about potential tax benefits/drawbacks and if an LLC is right for what you're doing.Also, spend the extra $200-300 and have the lawyer draft you an Operating Agreement - especially if it's not just a single-member LLC and you have partners.