It's up to the individual accredited investor to perform research and make an informed decision.   

I agree with Jonathan on not allowing FOMO to force a decision that can later harm you.

Hey Hares, I started to see the same slippage in a property management company I was using in NC and ultimately I made the decision to self manage everything even from across the country. 

Initial cash flow has a poor correlation with achieved cash flow over a long hold.  

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!

If the revenue is $100, payments are $25 which isn't a lot.Option 1A is not a good decision. 

Our reply is that, management has already made the decision which is why you were notified. 

The apartment is in very poor condition and there have been outstanding repairs It seems to me like you have non-cooperating tenants.

Hello BP community, I am reaching out for advice on a financial decision I made that I am now realizing was a mistake.

Two books that would be great reads since you're just starting out would be Rich Dad Poor Dad by Robert Kiyosaki and How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started by Brandon Turner and Joshua Dorkin.