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?

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?

You provide guidelines with your requirements to your contractors, so they can perform to the level you desire.

The numbers worked and my other property in the same Town is performing above expectation.

As long as you perform the check and use the information received in a way that complies with federal and state law, you are free to interpret the results in any way you choose.

@Mohamad Guene  Simple answer - you will be cash flow negative, and your appreciation will be limited.We did a new build once for a rental - it performed miserably cash flow wise despite a great location and property - we ended up selling it 3 years later.There are very few new builds in Huntsville proper - are you referring to an outlying area like New Market or Meridianville?

Based on what was posted are you perhaps able to count the rental income from the occupied, performing side?

Without being able to perform a pretty comprehensive audit on your lender, you would not be able to know.

The plumbing invoice showed very clearly that a full static plumbing test was performed and that the house had all new piping with no indication of leaks.

That way I can know for sure what the numbers are and then I can judge that property's performance of other property I'm looking at purchasing.