Hey Matt,I’ve been investing and managing properties for over 20 years, and choosing the right market is key—especially as a new investor.

An appraiser will try to choose properties nearby that have sold in the past 6 months. 

Though I did choose to continue with the suggested property management company of the area, I was able to find different lenders that suited my needs better.Overall the process was very easy, much easier than I thought it would be.

Specifically:What area did you choose, and why?

My main goal is to find a solid rental market with good cash flow and long-term appreciation potential.Any insights, personal experiences, or key factors I should consider when choosing a market would be really helpful.

If you’re unsure about which specific account to choose, ask a local CPA or banker, since every situation can vary.

Whether you choose to run screening before you show the unit to them is a personal choice. 

A PMC is like insurance - how long would you choose for your family to live without medical insurance?

Just make sure you draft an operating agreement that outlines responsibilities and expectations.For financing, and if you choose to go through an LLC, DSCR loans will be a great tool.

The same money could buy 1-2 full properties that would rent for more, depending on the market you choose.