Had he called us more than likely we could have had the same plumber come back at little to no cost.

A background check is basic and almost no effort and you can certainly pass any cost on to the tenant.

How can you collaborate to help each other out?

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

It costs the same when I need a plumber to come out to repair my leaking sink.

You may pay a bit more and make a little less, but playing the long term game is key in real estate.The types of structures could be lump sum (one price) or cost plus (meaning you pay the cost of material and labor plus a flat fee—more of an open-book model).I see some investors who want to pay for ALL the materials, which is excellent for the investor (more control of finishes & cost) and general contractor (if they are getting paid well).  

If anyone currently MTRs in this area, I am curious on how you got started, how you run your operations, and how you furnished your property(own/rent) and what the cost breakdown might be for me to do the same!

The seller will not let us extend due diligence and will just put it back on the market and said he could do these repairs for half of the cost of the low bid (~5k).

Your structure is complex and not cost-effective.

An insurer owes no duty to investigate the condition of the title and makes no representation as to the condition of the title inissuing a title insurance policy.EXCEPTIONS FROM COVERAGEThis policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses resulting from the terms and conditions of any lease or easement identified in Schedule A and the following matters:4.