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!

Happy to connect and talk through scenarios if you are interested.

But I haven't done anything through auctions yet, as I have not purchased through an auction up to this point. 

My first deal looks like it will fall through because the bank doesn't like my work history. (4 months as a union electrician, which the bank considers contract work).

Having said that I also know that if I wanted to get started I would find a way lol.Learning everything I have learned now through BP with $25K you could do a house hack. 

It is important to keep this in mind as it might not be neccesary to go through these gyration to only find out you could take the losses regardless.  

To get started, connect with a knowledgeable real estate agent and lender, practice analyzing deals, and network through local investor meetups.

Rentals also build equity through tenant payments and appreciation, with profits taxed at lower long-term capital gains rates when sold.

The longest terms our plans provide to pay back the money is 5 years and the payments get made automatically through payroll deduction. 

I have 8 single family rentals in 2 single member/pass through entity LLC's. 2 states.