Did you have a home inspection performed and the driveway wasn't mentioned?? 

That way when you sign a PA you can be 95% confident in your ability to perform.

Taxpayers should consult with their accountant to see if they will benefit from a performance of a cost segregation study.However, to say that only the GP and the third-party cost segregation company are the only ones to benefit is not true.It is typical in funds involving real estate to have hundred's(even thousands) of partners.

There's absolutely no way I would pay a significant fee that was not contingent on performance of my due diligence.What would stop an unscrupulous seller with a property having a known major defect from dangling that stinker out in the market, attracting some unsuspecting and hapless would-be buyer, and then collecting easy, non-refundable money from them?

Third, make sure you have a CAPEX reserve if you're just starting.

However, to your point about the contract, we wouldn't necessarily have to perform the contract in the event of not finding a buyer, IF the contract has a clause(s) allowing the buyer to back out prior to a certain date.

Meaning, you would have to write a check to your contractor for work that they have not performed yet. 

@Christian Carson- and if you are asking about where the database information comes from, you can usually search your state regulatory records online and the EPA ECHO database but it will be hard to replicate the comprehensiveness of the database provided by the third party database company.

Meaning if the pre-pay is 2% of (x) use $200K as an example you have the option for a reduced pay usually for the first, second and third year.

If you have many units, having a PM could work because you're keeping that carrot of leasing fees so they have to continue to perform.