While I don’t know their program or them, I’ve yet to see a mentorship program that cuts the time necessary to obtain the knowledge required; that has a monopoly on any tactic, strategy or technique that’s not common knowledge; and or that provides any ongoing “help” that’s anything but “basic”.If you’re not well versed in principles, finance, and law, either read books on these, attend college classes, or take a course(s) leading to real estate broker (salesman) licensure.  

Just got off the phone with another DIY landlord looking to hire a PMC.
They really didn't like our response to their question, "How long does it take you to find a tenant?"
#1 they were uninterested in hearing abou...

They specialize in multifamily as well!

Is this the only market you are looking at to invest in or are you open to out of state investing as well?

The biggest question I would ask is how well they know the area such as neighborhoods and do they have connections to building a CORE 4 such as great contractors, property managers, attorneys, etc

Have a great foundation repair company in your contacts list as well as a great structural engineer.Some flippers thrive on these properties as without repair they can be difficult to finance with financing an owner/occupant would use. 

It's crucial that this allocation is reasonable and well-documented to withstand IRS scrutiny.

If you want to look at total expenses over the years, you need to look at total income received as well with your potential sale price. 

Is this true as well?

It can only be addressed in a one-on-one manner, because if you ask another CPA for a second opinion, it very well can be the opposite from the one you asked first.Here're a few of my personal pointers.1.