First of all I put my acceptance criteria clearly in the ad: minimum credit score (enter X amount, 620 is what I use),income 2-3x rent, good rental history, references, no evictions, acceptance dependent upon background check and employment verification, pet policy, desired lease term, etc. so that people will hopefully read that and not come to the open house if they know they won’t qualify.

Is 21,000 common for these jobs?

QuickBooks Self-Employed has a receipt scanner feature and organizes expenses by property or investment type.

You would have to create an HOA to manage the common area and keep control of that or create a self-managing HOA for the four owners to manage together.

Looking to invest in a few properties over the next 5-10 years and want to get a sense for tenants, common issues, etc.

I enjoy helping new investors avoid common pitfalls and use loopholes to build their REI portfolio.

Does anyone know of a site or common place to meet investors and rehabbers to make a deal with.

If we do everything correctly and we screen carefully (credit check, employment verification, etc.), what would be the worst-case scenario?

Well said Jordan, it's not as common in this market to have an ADU but there are some out there.

It is common for PMs to stick fees into paragraphs throughout the agreement, this is another red flag.