Reliable property managers – transparent fees (8-12%), good with Section 8/CMHA, older properties, responsive communication, out-of-state owners Priorities: Honest, trustworthy, proven track record with investors.

Keep stacking up those 0-buy "victories" and that's how your going to get to a dang-good closed buy victory. 

That means your entire capital stack is comprised of debt.

then theirs charges 1000s in extra fees. 

Maybe the tenant placement fee doesn't get paid until a tenant has been in the property with a good payment history for 6 months?

Agents and investors told me it would never sell:• too close to the tracks• too much work• wrong buyerI explored everything—partnering, flat-fee MLS, novation, creative exits.I negotiated a contract extension.

Vacancies, tenant damage in excess of security deposit, unexpected repairs, maintenance, broker fees for leasing, etc.So, working with $18,000 annual negative that’s $54,000 over three years.  

Saving some money on PM fees and leasing fees2.

I've heard from some who swung for the fences because that's how they presented projected returns that differentiated them from other investment opportunities, others were in the business of transacting and had to find deals that could work to  keep the lights on and keep the fee machine running, others struggled to raise equity and were forced into higher leverage debt to fill the capital stack along with a ton of other reasons why a sponsor may have elected to go with the riskier debt structures. 

Fair commission splits/fees.