Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

We are shooting for 3x income, but might settle for as low as 2x, if the person seems like a good candidate.

It is a bit of a gamble, but personally, I always get my own bids from people I will hire and either take a credit on price or have title issue the checks directly to those contractors to get work done as soon as I close.  

In the future, a) get a super detailed Scope Of Work and ironclad Contract. b) Do not pay more money as a progress payment than the amount of work that has been performed, that way you are never ahead of the Contr or vice versa.Your options (depending on how much he owes you) are Small Claims Court, the State Registrar of Contrs, and possibly the local DAs office or State AG if the amount is higher ($50k ish)Good luck, let us know what happens.

I would vet them intensely and make sure the lease is personally guaranteed. 

James has time and time again always posted extremely helpful information on every post, he would be a great person to connect with. 

Haven't personally used either but they are both on my radar.

As long as the person hasn't used RAFT in the recent past then RAFT will cover up to $7,000 for first, last and security as long as they qualify.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

I invested in 7 syndication funds in 2023 as a limited partner with the expectation that I would generate first year losses from cost segregation that I could use to offset my gains on my personal real estate investments (self storage).