Quote from @Jonathan Greene: Quote from @Jay Hinrichs: Eh  what about the gentlemen from Evergreen Colorado who just hammers on poor Pace Morby calling him all sorts of things.. etc.. for me I am surprised Pace has not sued him.

My mom has poor credit and about $30k in revolving debt, so it would be difficult for her to qualify alone.We would both prefer to hold the property, but the risk of tight cash reserves is concerning, especially if the rehab costs exceed our budget.Legal ConsiderationsIf we decide to proceed, we’re also weighing how to best structure this deal:LLC and DSCR: Would it be better to put both of us into an LLC and use it to apply for a DSCR loan?

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!

It sounds like you're getting a realtor leasing agent, which I have almost always seen end poorly.

You can still find deals in the outlying counties , you just have to be first and have cash .I am not a fan of Baltimore , my family moved out in 1974 , and I told my parents it was the BEST decision they ever made . 

@Tim Ryan If I am understanding this correctly....you rationalize your mentor's decision to offer mentorship despite only a 2-3% success rate because it's unclear who will be successful and therefore nobody should be turned away.

You don't want to bring over poor operations to STR because you will also fail there.

I never hear of anyone going to certain title companies over others because of fees, its generally service based decision making. 

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

It is much easier to have the discussions when a decision is not required to be made and figure out how to resolve them now compared to when the time comes.