Because the Property Class dictates the Class of the tenant pool that the property will attract.

The number one complaint I hear from frustrated property owners, moving their management to us, is that their former PM was slow to respond.  

If you're in a community property state, a single-member LLC owned jointly by spouses can be treated as a disregarded entity, simplifying taxes.

When I first started my "property management" company, I attempted this as well, and I had quite a few people interested.

I understand if you're not because it is OWNER FINANCING, but you are taking on a lot of RISK.  

He has lived there with his parents since 1992 so my hard part is how to get him to move out.The house is in rough shape but the debt is low and the son has about $60K of equity.How would you structure and also talk to the owner about his options?

We've been approached by multiple buyers regarding owner carry options.

Quote from @July Maggard: Hey everyone,I’ve been driving for dollars and finding a lot of distressed/vacant properties in Schulkill County, PA.

In my experience, commercial property owners tend to be more sophisticated and financially stable than many residential property owners, particularly in a smaller market like Connecticut.

Looking for good property management that has experience working with out of state investors