Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

I'm looking at buying turnkey (through a well known provider on BP), and would like an independent property inspector.

So, in actuality the divide between “good” PMs and “bad” ones is probably no different than any other service provider, be it real estate broker, mortgage originator, etc.The key word I has in my sentence was MAY; as in MAY be hazardous to your financial health.  

I have 1 partner who provides up to 75% of the down payment, however, my goal has always been to live below my means, save money, and invest the saved money as a downpayment. 

We provide new construction rentals and PM (single family, duplexes and Quads) for investors.

If you are familiar with this area, any further recommendations or resources you are willing to provide, I am super grateful. 

She provided me incorrect information and my 6% locked rate ended up closing at 9.99%.

That would be glorious...lol quite honestly to get a longer contract and have them turn into longer term tenants provided they are good of course.

Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

@Vina Merrill,I don't have much intel on Knoxville, but I’m active as an investor, turnkey provider, and builder in Chattanooga.