Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

This can be hard to manage if you have a larger property with a regular size washer.

Have a very tight screening process, like we do, and it will be difficult for these professional tenants to get in.

My house has a basement with one bedroom, a bathroom (without a shower), and a good-sized laundry/office space between the bedroom and living room.

In my opinion you can't fail unless you don't screen tenants correctly, buy in a bad neighborhood, or get over your head with a rehab.

I think think the size and amenities are going to be your most important. 

Local bank or credit union would be the best fit on a deal this size.

Expense ratios vary dramatically depending on project size, age and other factors, but basic rule of thumb is the smaller the project the higher the expense ratio's, using a 33% expense ratio for a small facility (less than 150 units) is optimistic, smaller facilities are probably closer to 40%.

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?

Regardless, though, expect higher points and fees overall because of the smaller loan size.