Have you passed the tax assessment yet, or is this your first year of owning it?

The biggest differences between residential and commercial:  Scalability, financing are very different, property taxes may be different, Insurance is definitely different. 

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

For example, this investor that I met recently said not to buy properties at tax auction for 100+ different reasons.

Kiavi minimum 2k origination fee for 30Y loans is ridiculous.

As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”

There may be tax implications to that maneuver, so check with a CPA.

market=Montgomery%2C%2...The lower property taxes in Alabama can help with your bottom line. 

(It doesn’t pay its own taxes.

So, it would then potentially cost you a penalty for early withdrawl and also income tax owed on it.