You need a license to perform those services to another person to ensure you are working within state and local laws. 

We have over 600 properties in our property management company that are all performing.

You’ll want to get a good understanding of the type, terms, and prepayment options associated with the loan as you do not want your operator to be forced to sell before they’ve been able to perform the complete business plan if it is not in the best interest of the investors.Some items you’ll want to acquaint yourself with are the difference between bridge and traditional loans, prepayment penalties or defeasance fees, interest only periods, rate caps, and refinance options available for the specific loan your operator is leveraging.

Financial tracking, self-performed demolition and some renovation, contracted subs What was the outcome?

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?

Used to be quite easy, even non-performing 2nds. 

Performing or non-performing?

I have a note with them as well, and so far it has been performing (for over a year).

How would your property be performing if it was on a 30 year note?

If these numbers are how the property is currently performing then it's real close to 50% exp ratio.