Otherwise, why should they lend good money on bad performance?

I represent myself.

This has happened to me and client's I have represented many times.

Do you have a realtor that is representing either one of you?

We're up to 640 units (across three assets) in the Greenfield market and all have been performing quite well. 

The property is performing as expected, if not better. and after a couple months, we are realizing positive cash flow.

I have always bought the regular way- with an agent (or representing myself in the state in which I am licensed), on market properties and fair negotiations. 

And I thought I'd make a post about my journey so far, because I am proud of the progress that has been done (in real estate leaning and mindset), thanks to the BP RE podcast, performance coaching and many people who have helped me (in these forums, a Slack channel and so many others).

Landlords 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.This also leads them to ASSUME simpler is better when it comes to management contracts.

LESSON TO LEARNMost landlords ASSUME all property managment companies offer the exact same services and perform those services roughly the same way.