They're probably not reporting your money to the government, which could create tax problems for you down the line, and by not having a contract they are less bound to the job and more free to walk off when they want.

I will therefore, be referring to the ‘website bidding’ as ‘bidding’ for the rest of this post.Pre-Register StageBidding, typically has three stages.

Also let them know that you are shopping your property to other management companies just so they know that they're not your only consideration. 10% of the rental fee is the typical fee amount each month for property management.

That typically is investors.

What Bob said above is what most of our clients do through us.And while the desired income level varies, the goal we map out seems to be 5-7 years typically until they've met it.We have a dentist in CO we're working with to map out an aggressive 5 year strategy (starting with more liquid cash) and jumping into a few 4 unit buildings as well as SFR.  

Evidently there was a national RE report on investing and Charlotte was ranked 3rd best!  

@Lelith Walker, @Nicole Sorensen HullYou can now report  the payment history to one of the credit bureaus as an HOA payment so it shows up on thier credit report.  

These will only show up on a Balance Sheet report. 

I would take a look at their financials and see how many units owe money, what their aged owner report looks like (how many units owe over 30 days), ask what their collection process is, ask who their property management company is and check out the manager's reviews online.  

Is it possible to get an closing agent to do all of the due diligence that needs to be done in a typical closing ALL IN ONE DAY?