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!

@Aubrey Eblin Thank you very much for sharing your experience with the Rent To Retirement Academy. 

@Rosmery ThenMy partner and I are in the same situation, just he has 20 years of construction and development experience.

These are the top three features I always keep in mind when evaluating a potential property:1️⃣ Location Matters: Properties near attractions, with great walkability, or offering something unique—like a waterfront or mountain view—tend to perform better.

I find single ADUs are mostly being added by people with minimal RE investment experience often without a clue as to the value that will be added by the adu addition.  

@Anthony Sigala my view is the markets that it is easiest to find a 1% ratio are unlikely to be markets where you will achieve good cash flow over a long hold.  

I have sold a couple of businesses as well, and speaking from experience, you are never more vulnerable to make a mistake than when you are sitting on a giant pile of cash.Also, I agree with @Corey Conklin - I'm a big fan of "overflow cities/towns" in the sun belt.

Our strategy is to buy out of shape properties and rehab them back into shape, so a GC with experience in doing extensive renovations at once would be preferred.

I have the credit, experience and the knowledge on how to underwrite the deal to show their ROI in this arrangement vs a traditional sale. 

@Mike FitzPatrick  I have experience investing with them.