They can take time with their search and be more selective about a property’s location and condition.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

A common term for these is payroll loan, but there is other terms as well.

An agent with market knowledge and deal flow that could present us with off and on market properties that match our strategy will be needed.

Age: I think it will but you can minimize it by being knowledgeable, professional, confident, and fair.  

Just run your numbers well and make sure you are in an area without prohibitions in place. 

To add value to the property, we undertook extensive renovations including the removal of over 40 yards of trash, installation of a new septic system and wall-hung boiler, and a new well pump.

I have an STR in Niagara Falls and it does pretty well based on the purchase price. 

They generally will offer greater appreciation, as well. 

The risk analysis and mitigation is all over the map.We have done very well over the last 15 years.