House hackers often overcomplicate the decision-making process.

Be ready to make fast, decisive, and informed decisions.This post originally appeared on the BiggerPockets blog.

In your experience, how do you weigh each factor—like FICO, LTV, or prior bankruptcies—when making a decision?

It wasn't directed at you, he asked for feedback from your recent poor PMC experience... 

The legal docs to investments like these are usually pretty locked in and there is a very deep understanding that projections are just that and not guaranteed, and the legal docs usually give the syndicators room to maneuver away from the original business plan if they feel it's the best decision. 

Yes, because it will be a wise decision in the long term and when you move out and rent the other unit it will cash flow in the (+) positive.

Listen to his podcast.I'd probably read all the Rich Dad Poor Dad books....multiple times.No matter if you like him or not, I think I would read every Donald Trump book.If Sam Zell ever wrote a book I would read that.

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!

Every once and a while a contractor will quote a job I was planning to DIY (like bathroom vanity) for less than I thought I could do it for because they have left over parts from another job, this makes it an easy decision.

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!