PMs who screen properly and manage professionally probably DO have longer DOM and turnovers and that's not necessarily a bad thing.Speed of communication and maintenance turnaround are absolutely vital, but most new investors don't want to approve maintenance items either- they think their PM is trying to rip them off when they need to make repairs, so that's a tough one too.I know this is a very difficult thing for new investors- finding a quality PM, but trusting a pro is part of the deal too and that's the rub, IMHO.

Lastly, land development requires solid planning and capital, so getting the right development loan with flexible terms will be vital for success.

The decline in work among young men is a far bigger problem for the nation’s economic and cultural vitality than the decline in manufacturing jobs.

I had the city re-inspect the property after completing the requested modification.

The due diligence is vital, as someone said above, before you buy, you need to put some eyes on it either with an agent going to take photos or some other method.

We submitted an offer of $360k with all the nominal contingencies and a few modifications.

This modification allowed him to immediately service debt while executing the value-add components gradually.Has anyone found creative workarounds to the refinancing challenges?

Still costs money but less than the previous option.By the way, QuickBooks could be used for your NOI/cash flow tracking, with some effort and modifications.

Layout and Structural Modifications Are you removing walls?

Your silence as to people just taking insurance money and leaving is deafening.Click your heels and sprinkle fairy dust all you want, Jim, but big government is absolutely vital here.I’m curious, too: where did I say anything about government dictating compensation?