I consistently earn higher than that on mutual and other income funds.What this is showing is that the property itself is earning nothing on it's own and that your cash, which is creating 100% of the returns, is under performing.

well instead of helping my clients buy performing first notes that are hard to find as it is..

In discussing the deductible expenses with my CPA, I mentioned having records for travel related to repairs I performed at the property, plus my meal receipts (the trips were entirely business related). 

There is a HUGE trust factor you must consider - not only in getting an investor to work with you, but in their evaluation of your integrity and ability to perform. 

But there are very respectable properties that have clean POS and perform.

I will keep that in mind while performing my market analysis.

Also, what type of reserves will they require, since those reserves can effect your deal underwriting and overall performance?

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?

Someone who could be at the property 7 days a week to monitor contractors and perform simple tasks such as painting, landscaping, etc.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so the 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?