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 is poor liquidity too. 

Making 8% cash on cash in other states may be cool for some, and everyone loves to hate on California real estate investing, but I'd bet a lot of money you've come across clients who have made generation wealth right here.

Based on what you are saying I think a SFH might be your best bet.

I bet he was listening to the realtor, TERRIBLE idea (sorry realtors) .Realtors care about one thing, making the sale.

I agree with a lot of the points that you made and while I know it's late to the party as many have already leveraged the COVID boom into managing others, I feel like a lot of folks will be changing managers this year due to poor performance from under-skilled or stagnant managers who set it and forgot it.I think two tiers of services to offer flexibility to the owner is a good idea and makes sense.A few more questions for discussion...What do you, or anyone else reading on the thread, do when a potential client has a property that needs decor work before listing?

AI / Robotics are pretty certain bets to me.  

They are a poor choice in most situations. 

My first read was rich dad poor dad, then to Brandon Turner’s books, then to the podcasts etc. 

I even had a buyer lined up for the place as well for when the repairs / renovations were atleast 50% or more done.Also forgot to mention that their own system often has wrong or outdated info on the properties as well.As you can see I could go on but I dont think a book is needed haha, but this should give a good exampleSorry for the long post and poor formatting on it