Ask questions on their fees, do they charge you for filling the property, what do they do/charge for handling maintenance or repairs.

I have a great PM who handles the S8 process and works hard to get the highest possible rents in an area.

Anyone has recommendation of a cost-effective structural engineering company that handles residential inspections without being too expensive?

If you have a trusty and competent handyman (which you should if you are managing remotely), then they should be able to handle it for you but you will have to compensate them for their time of course.

Draft an operating agreement that spells out ownership %, profit splits, who manages what, what happens if someone wants out, and how you’ll handle capital calls or refinance proceeds.

When a prospect sees that you respond quickly, they subconsciously believe:You’re professional.You’re reliable.You’ll handle their business with care.On the other hand, slow replies send the opposite message.

@Tony Thomas,From a tax perspective, here are a few things to keep in mind when using a HELOC on your quad for a new property:Paying off the HELOC at sale: If you sell the quad with a balance on the HELOC, the title company usually handles this at closing, so it’s taken care of automatically.Interest deductions: If you use the HELOC for a new rental property, the interest may be deductible as investment interest—but if it’s used for personal purposes, the rules are much stricter.

for example we handle all the payments coms etc through hemlane for our rentals, but I also advertise on zillow, and just put it on the general MLS. 

INVESTOR (passive) - invest in REITS, limited partner or non managing member in syndications, private equity real estate funds investor, investor in real estate directly where financial advisor handles ALL aspects of asset and property management INVESTOR (active) - direct real estate ownership, syndicator, direct private lender, fix n flip, etc.So, I operate MOSTLY in the INVESTOR (active) category, but I have constant involvement in both the BUSINESS aspect as well as the INVESTOR (passive) category.  

I still prefer agents over ibuyers personally as they handle transaction better and I believe get you more $ if you have a great agent.