What's the worst thing you've seen?

At times, I wish I hadn't even touched certain things as it cost me more to hire out a contractor to fix my mistakes, and other times I have saved myself a few hundred dollars on maintenance costs.

If there's local boom in industry we should see the effect in immediateterm not in short tem, so what really happened in 2020-2022 is really big mistake by Fed.Also it seems very natural that in the next ten years we see lot of consolidation in the big business, much less small biz owner, and everything is owned by the conglomeration of some very powerful big names that generates cash from their operation.America is going to be more controlled by big company regardless who is in power in the goverment. 

Pick a great community and buy the worst house and BRRRR.  

@Sai Kumar Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I want to tell people the mistakes I’ve made so they don’t make them , I just read partial of your message.

That is a good point, and when I think of what makes me feel more confident in my first flip, it always has to do with mistakes around the rehab (cost miscalculated and time lines)  

But, on the flip side, I have also read that rents are starting to correct and go down.So, I wonder, am I making a mistake by hoping that the market will be better for investors next year?

Worst case try pleading ignorance and ask them to rescind the increase now that you understand the situation and you will be sure to do whatever it is they are wanting.  

They are the absolute worst of the worst and could not get some of our accounts accurate and refused to make it right.