I usually pretend that I am a traveler or renter searching in that market.

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?

But when I looked at the description it says that potential rent is $1200 per unit. 

I will not expect it to match my usual return.

Most only talk to one wholesaler and think a quick cash offer is their only solution, usually leaving way too much on the table.

Where I am, you can usually google vacancy rates and get that info.

It was usually for a month or so and if they had funds, I let them in.

Need to move in immediately is a red flag to understand.Responsible tenants usually plan their moves and thus need to give notice to their old landlord and also are proactive in lining up a new property substantially before the move day arrives. 

And that's what usually happens--there are hundreds of fires no one hears about.  

Due diligence is key before you sign on the dotted lineBuild a network of a great property manager, lender and maintenance teamDepending on your budget, I usually would start with at least a duplex, triplex or quad.