Get their card, get an idea of what they charge, and be sure to mention that you aren't planning to lend out of your IRA, if that is the case. 

We never hired a management company, as it was not cost effective with rent we have been charging and it is only one house.Another question: If I do wait til Fall 2019 to sell, should I rip the carpet (up the stairs, living room hallways, bonus and bedrooms—2600sf house) and leave floors bare, (it’s light colored, horrible carpet) to allow buyers to add their own?

I also screen all pets (weeds out the tenants that have bought a fake ESA certificate online) and charge pet rent. 

@Edisson Casseus generally, a hard money lender will need 10% - 20% of the purchase price, plus whatever points they charge, and money to start the renovations (realistically, 25% of the reno costs), and a reserve for loan repayment.

.- If you are looking at C neighborhoods and below, what are the eviction processes and what does management charge?

That is because with an in rem, the court will appoint a guardian ad litem (GAL) to represent the unknown people, and that is a separate lawyer who will charge $1,500 to $2,000 for their fee.

Which allows you to charge slightly higher rents, but more importantly get units rented more quickly.

Get a pet deposit and charge a monthly pet rent in order to maximize profits and make sure your covered in case the pet does end up damaging the property! 

I charge $25,000 for the non-refundable Option fee.

My third spreadsheet has the same X axis as my first spreadsheet and the Y axis is the amount needed to offset the mortgage based on whether I charge $800/$900/$1000 a room for rent, all the numbers are pulled from the county obviously:Electricity, gas, repairs and maintenance (10%), capex ($200), vacancy rate (10%), sewer rates, water rates, solid waste fee, lawn care, property management (10%).Am I missing anything?!?