Up to this point we've managed it on our own, but we are entering waters we don't fully understand how to manage. 

NV OR  and a few others require licenses to do this.

Some may also require 12 month seasoning 

Not care, introduce legislation to bridge mortgage insurance requirements with lack of providers, get in the insurance market themselves?

Ask them when they issue distributions (anything before the 15th of the month is a red flag), do they require reserves, how is maintenance charged, do you see copies of outside contractor bills, do they upcharge materials (PM's have LAR accounts with Lowes and often get 20% off), do they keep all late fees or just the management fee, what other fees do they charge (renewals, inspections, etc), where are tenant security deposits held, how are evictions handled and are you consulted before filing, what screenings do they run, what qualifications do they require from tenants, ask for a couple other owners to visit with for a reference. 

**Chimney: Deteriorated Brick or Mortar** - The chimney showed signs of deterioration, which could allow water to infiltrate the structure and cause further damage.7.

That required $305k total as down payments.

You'll be required to pay annual dues for MLS access and to keep your license active.

Hi Steven, the best hard money lender will meet the following:1. be willing to work with you (ie lend you the money)2. give you the best rate and terms3. require minimum paper work from you 4. minimum collateral5. they have deep pockets Once you find a good hard money lender, make sure you treat them right.

Also check for two means of egress in that basement you want to convert because fire code will require it.