Simplified steps:1) You collect money, put it in your LLC. execute an agreement among the investors regarding interest rate and when it is due.

What type of real estate lawyer do you practice?

.- I execute "subject to" contracts with each property, servicing the refinanced debt and collecting any cash flow.- I update/rehab the properties- We refinance/transfer title/"sell" or???

I’ve been interested in RE investing for several years, as I’ve found that I’m good at digging up opportunities and closing, and I enjoy crunching numbers and analyzing problems.I’m interested in meeting people who have set up private money / private equity deals in the past, especially if it involved single-family residential buy-and-hold strategy.I’m also looking at pulling the trigger on the local Lifestyles Unlimited seminar, because I have a lot to learn, and also because I want access to what Lifestyles considers “best practices” in what will be my market.I’m happy to hear all sides of any idea and my hobbies include playing devil’s advocate and drumming at my local church.

After researching it appears he just paid 2k in taxes a week ago and i'm assuming he is trying to recoup the money he just spent but this is poor business practice in my eyes.

But 10% it each rent collected is what I’ve heard to be reasonable and 1/2 of the first rent after filling the vacancy. 

When banks were paying a higher rate on their deposits than they were collecting on their loans2008 financial crisis- where a mortgage was $500k on a house that is now worth $100kWith all that being said I have personally never experienced a true, nationwide downturn.

As the title alluded to;What Are 5 Things You've Appreciated That a PM Company Has Done (Policies/Best Practices/Warm Fuzzy Feelings etc...)?

From a practicality stand-point, using a local lender who is a known quantity in the area can help strengthen your offers in a still competitive market.

They essentially negotiate deals with sellers (in this case you), then market for and qualify a tenant/buyer, then they collect the non-refundable deposit and pass the deal on to them.It's likely that they will want to split part of that 10% down.