I was also an adult in 2007 and saw people lose their homes and investors who overleveraged lose their investments when tenants didn't pay rent.

adults=1&am...

There are no 1 bed in the 1 mile radius that I can see in the rental sites like zillow, realtor, apartments.I am not sure if I priced the condo correctly as I relied on rentometer completely.Reduced price once but no leads so far.

There are no 1 bed in the 1 mile radius that I can see in the rental sites like zillow, realtor, apartments.I am not sure if I priced the condo correctly as I relied on rentometer completely.Reduced price once but no leads so far.

I booked a place for 5 adults and 1 child (16 y/o) plus 2 dogs a couple months ago because of it being the holiday weekend.  

To start you may have to do everything but eventually you will want to build a business not a job that relies on your physical labor.  

There are plenty of properties in lower income areas which do not rely on subsidys (Section8).

A few important things I would be looking for:1) the experience and credentials of the broker who supervises the company as well as the lead property manager2) the services they offer and how they line up with your needs and expectations3) the use of technology to make their job and yours easier 4) if they have a landlord-tenant attorney on retainer to help guide them on legal issues (not to mention the creation of lease agreement, landlord forms and notices, etc.)5) their process and policy for a) listing, b) application, c) tenant selection, d) routine inspections, e) maintenance services, f) property and tenancy update reports to you, g) lease enforcement policy, and f) move-out process.6) property owner reviews (you can't always rely on Google reviews, because they may not reflect actual quality of the company, but still) 7) beneficial programs for both owner and tenant 8) a property management agreement that would indicate they know what they're doing and have the experience to know what matters in a PMA.

You can attempt to assure compatibility by interviewing them and taking into consideration your other tenants, but at the end of the day, they're adults and it's up to them to get along.

I have been studying this space over the last few months and a lot of GPs rely on the ignorance of investors (about their failures, inexperience, unrealistic underwriting assumptions or their unreasonable fees) to take more people's money.