If you are doing management for others (Third-party Property Management) you need a Real Estate License, and your Broker has to maintain the trust account and allow you to do Property Management.

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!

All any of the respondents on this forum can do is make some very big assumptions based on the limited information you provided.  

Trusting your numbers, it sounds like the current value of the property is around 155k if not less.

Notably, upon request for references, the contacts provided were associated with Gmail accounts, despite purportedly representing corporate entities involved in real estate transactions.

I personally made the mistake of working with friends who provided contracting services for me and continually dismissed and ultimately gave them enough leash to hang myself on.

The proposed changes would allow a duplex, triplex, or fourplex to be a (P) Permitted use in all single-family zoning districts: With Reno's significant land constraints and overall lack of inventory, I believe ADU's could potentially provide more affordable housing for tenants while allowing investors to be more creative with their properties. 

PM's will use the portal to provide you with up to date communication, monthly and annual accounting, tax reporting and detailed annual reports. 

So, trust no one and verify EVERYTHING for yourself, especially if you go out of state.If you want to know more about our market in Detroit, just hit us up:)

you can pull the trigger on the project by getting a construction loan that will refinance that will pay off the seller financing and provide 100% of the construction costs .