You never know when you’ll need to refer back to these records, especially in case of a dispute.

@Zeeshan S.The funny thing is that the first two companies came recommended and I tried to vet them and talked to references too.

Even though we do run credit and background, I refer to us as private money lenders rather than hard money lenders based primarily on the cost of capital.

My guess is you and I agree that in the "mom and pop" space (1 to around 50 units) there are deals to be found regardless of timing.What @Deshen Tang is referring to in his comment here is my decision to sell 3,000 of my 4,000 apartment units 3 years ago, just months before the market for commercial multifamily collapsed and prices fell 30-40 percent. 

Simply do not renew, which I believe Nathen was referring to 

Pretty sure she is referring to The Island in Pigeon Forge just off the Parkway near Light #3 (between the Parkway and Teaster). https://islandinpigeonforge.com/

Hello BiggerPockets community,I was referred to this community by a local real estate investor in Colorado.

The 100/150-hour rules you’ve seen are likely referring to material participation, which is necessary for short-term rentals (STRs) to be treated as non-passive income.

Perhaps you are referring to a seller carry back? 

@Michael PetersRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.