I didn't realize that this was going to turn into a post.To answer your question: 2 of the 11 have already liquidated1 as a short sale in Skokie, IL1 sold to a 3rd party at the sheriff's saleOf the 9 remaining:1 is an RE about to hit the market in Fairview Heights, IL1 is a DIL in Park Ridge, IL1 is waiting for confirmation of sale in Berwyn, IL4 have upcoming sale dates (including 1 in Harvey, IL)2 are pre judgment

About 6 months work of looking for short-sale and pre-foreclosure with a specialized Real Estate Agent.

Hey allHas anyone successfully moved away from (or at least supplemented) the standard % fee for property managers in favor of bonuses and incentives that align the interests of the landlord and property managers?

A good video surveillance system supplements human guards to be more impactful—but cost-effectively.

If things do not work out, it may get ugly, especially since there is money at stake. 

You are doing what seems to be valid on paper, but won't necessarily work out that way.

It is easier to compare closing costs when pre-paids are ignored. 

I would put heavy emphasis into how you pre-qualify your potential tenants (credit checks, income verification, past reference checks, etc) and you'll be fine. 

I get a lot of free education too, but as supplemental education...not as the core. 

Work out a JV where if they close on a deal you bring them you get 10% (or whatever you negotiate) of their profit upon sale.