We also shouldn't be so emotionally upset about our past bad/nonpaying tenants that we compare them to our OP here.Please keep things kind or at least neutral in this thread so that we don't have to close it down. 

Yes fees are high, but after Refi, my out of pocket expenses have always been around $5-$8k, not bad and usually taken care of within 18 months of rent.To answer your question OP, @Brian G., I use conservative comp numbers.

And after factoring in op expenses, allowances and debt reserve, a 5 cap investment will most likely turn into a money losing proposition.

Unfortunately, people latched on it, and it deviated from the topic so I should have left it out.We all mention people and places to learn from so I'm not sure why it's a problem if it's an OP.

Threats of criminal enforcement, etc.Introduce them because you want to help, but you're not in a legally strong position to collect fees.so true.. play with the big boys in securities deals and get cut out.. thats my first thought  would the OP be best to just bill as an accountant by the hour for services rendered which is accounting services. ?

The bigger complexes have coin op. 

The op expense is 40%.

We hired pros for that - those who worked for PE firms on the ops side.

I thought this guy (the OP) was from my area but it was a different post from a guy in my area.

Surely not the ones form OP's article.