Ultimately, selecting a competent and reputable property management company is crucial to safeguarding the profitability of real estate investments.

This is determined by the location, the tenant segment you target and the companies they work for.In the rest of this post, I will explain how to select the investment location, tenant segment, and property, as well as the information needed and the sources.Selecting an Investment Location or CityThe investment location is your most crucial investment decision, not the property itself.

Perhaps some of these amenities come later (schools, retail/commercial) but selecting markets that have the capabilities of incorporating these features is a good start.

Very selectively  LOL.   

It was advertised but we were very selective of who we let rent it the first year.

Pick your battles selectively as you do not want them to make your life difficult.  

I recommend you read some books about how to manage properties well, use a strong contract, know that contract inside/out, know your state law inside/out, build policies and procedures to catch and stop problems quickly, know how to screen and select good applicants, etc.An ounce of prevention is worth a pound of cure.

I just know from what she tells me its a lot of moving parts in regards to funds, property selection, immigration process, and the development of  the project.

IRS and industry compliance: Select a firm with a strong track record of delivering IRS-compliant studies.

I’m comfortable with my tenant selection but want to do this both for due diligence and for practice.5.