I made a mistake on KGKB last year (2020).

Without any experience, mistakes and learning in this industry can be very expensive.

@David LeeIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

The goal of research is not perfection, rather to ensure mistakes are small. 

If we make a mistake, it’s an honest mistake and we will pay whatever fines we must pay or fix the issue.

Biggest mistake that people make.

Then chose the one that is most efficient and tolerable.in any kind of anything (including investments) I found the biggest challenge is actually to exploit the unknown or basically adding education.not everyone here in BP is on the same level, we have people that has experience building homes from Maine to Arizona or 18 years that's asking for what's CoC but thru an experience we share "this is the better approach"..... which at the end bring the summary what Jason says: quality asset/location and long term debts as hedge for market risk/mistake.

If you do it yourself and make a mistake, you could extend her stay by months or years.

Just went into contract on a home (3 bedroom/2 bath with an outbuilding in the backyard with power) yesterday before doing solid number calculations (I relied heavily on my agent making the mistake of not doing my own due diligence, even as a rookie, I should have known better!). 

I also bought it with a tenant in place and for me that was a rookie mistake.