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?

Steps to takeReview the contract: Understand the terms of the agreement, including the notice period and any termination fees.

Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.

Also, how does one assess whether or not one can turn a profit after paying principal/interest, insurance, and taxes each month?

@Rafael Ramos All your goals contradict each other:(1) Cashflow: buy Class C & D properties2) Appreciation: buy Class A & B properties3) Low Crime: buy Class A & B properties4) Why would you want your investments to lose money to lower your taxes?

Lower taxes, no POS and lead testing. 

I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.

Again, consult your tax accountant. 

Low barrier to entry, low taxes, landlord friendly, and areas that appreciate + cash flow.