Interview a bunch and go for the best deal with good references. sjw

Grayson,  We would love to interview for the job. 

I love interviews with people like this that have been doing this kind of thing for longer than podcasts have been around because I think there's a lot to be learned from their experience.Vino at one point said that a rule of thumb they followed was that the cap rate of the property they were buying had to be 3%+ above what they were paying for financing.

It would suck if the tenant called with an issue early in the morning waking you from your sleep.You should interview a couple property management companies in the area to see which one you feel you connect with the most.

Take the time to interview and choose wisely.

If you're interested in learning more, I wrote a whole book on finding your niche (which talks about interviewing mentors) and being a successful real estate investor.

Interview a bunch of agents locally and pick a good one to represent your familyOh and its not legal to get a referral fee if you're not licensed, at least in my state, probably everywhere though I'd imagine

I would also listen to his podcast interview on the BiggerPockets podcast. 

Regarding fix-up work, if you're not comfortable doing the work yourself you'll have to learn how to interview and hire contractors.

This was an amazing interview.