New investors tend to fail in factoring in all costs, including repairs, maintenance, vacancies, and property management fees. 

This is my second company I have worked with.  

I own a PM company so I am biased but I don't even manage my own properties, our PM company does.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

During this process, the selling agent for the builders company quoted us a price of $80k to add a 3rd car attached garage to garage with completing the entire area over the 3 car garage.

Myquestion is this: can I create an incorporated property management company to funnel my current rental income through, then pay myself a W-2 salary from that company in order to raise my W-2 income so that I qualify for the mortgage on the new property?

We want to give owners some flexibility and a good experience working with us, but also, contracts are the assets in this business model i.e. if you don’t have some teeth in the language, if/when you try and sell your company later it won’t be worth much.The 60-90 notice period seems to be a good balance.

I'm seeking recommendations for reliable Turnkey Property Companies that are in that market.

I'd also love to work with your property management company"Diplomacy left me a long time ago so how would you guys reply?

When you sell your house in the future, homes with garage converted ADUs tend to attract more investors, who are not likely overbid on a property compared to those looking for their primary residences.