Since your goal is to build a portfolio of rental properties, you’re right to weigh both the financial and practical aspects of this decision.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

From what I can tell, FTF did a poor job of monitoring the progress of the project and released funds to the developer when they shouldn't have.  

It was a shakedown.At least try to speak with an attorney before you finalize your decision.

I'd get legit references, see how many units he/she has, probe them on how they solve problems and on that basis make your decision.

Im torn between this decision.

I had a very poor experience with Home365.* They have a vendor bidding system for all maintenance.

So yes I think this is a good deal, not sure how many partners you have on this deal but I think your decision depends on how much each of you need to make on the deal for it to make sense and how quickly you all want the return. 

You will constantly hear of  shortcuts during construction and the conscientious decision to use lower quality materials during the renovation. 

White is also still popular in flips due to buyers being able to change it easier upon closing or if lighting is poor and the space needs to be brightened up.