Which if youve done flips , but not commerical multi before, you wont miss much,  however a 6 fam is a commerical code permit so there are slight variations between the residential code for essentially all trades which if you dont have a detailed plan and you dont double check every code before you do anything but rely on cheap labor to do your due diliegence for you, what could go wrong ? 

We also chose the wrong property management company who promised they could turn SECT 8 units easily.

You can't go wrong with 1-month as deposit though! 

You guys mean Tick-Tock is wrong about how great this latest get rich quick scheme is?

The main question is $950 a month worth all the upfront time, and the potential increased time when things go wrong.

i am totally open to being wrong on that! 

Even small, common mistakes like renting below market, picking the wrong tenants, unwilling/unable to enforce lease terms, slow turnovers, or unscrupulous contractors can cost more than a good PM will charge, and that's before you account for your time and the stress.If you have the personality, I recommend self-management for anyone who lives within 1-2 hours of their investments.

@Kunal Lakhwani I do not want to say anything about the wrong company, but I would double check that the owner of one of those companies was not recently arrested for underage sex trafficking.

Also I could be wrong but I think to legally lend in OHIO one needs to be state licensed and NMLS registered.. again could be wrong but I know we are setting up a very narrow niche lending platform there for foreclosing buying and I got recruited because they need my license to be legal.Now for the private folks who only do a few loans and don't hold themselves out as lenders like you obviously do there is usually a carve out.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.