Conversations with investors reveal that even those earning six-figure salaries face substantial pay cuts when changing jobs, often by 25-50%.

Often, safer to file with the understanding those fees may be wasted, but better than waiting and then the tenant does NOT vacate (causing more lost time/rent).Usually court date will be 2-3 weeks after filing, which means 1st or 2nd week of following month.

- Many PMCs have processes designed to weed out non-serious prospects, but often these processes aren't adapted to the specific marketplace or changing markets.Since the PMC processes are NOT working, what are they doing to change it to improve results?

Home ownership is often not looked at as an investment, but it almost always is an appreciation boom.

 That felt fee service IS an agent.Flat fee services often let you put it the agent remarks whatever you want and have little compliance checking.  

The tenants of whom you will be looking often can't buy their own home right now, otherwise, they wouldn't be utilizing this agreement, which typically is more complicated and costs them more.

People just need to know how to effectively craft a strategy to get realtors to bring deals often enough to find one.

No matter if you try to help, if they can exploit you they often will.Like others have mentioned you need a license and even when you don't if something goes wrong, you could face lawsuits if you even smell like giving them official advice.My REAL advice however is this, and I hope you take this warning seriously.Let's talk about foreclosures for a second.According to data a few years ago (it is worse now) every 3000 mailers will get you 1 deal, which makes the chances of them wanting to sell their house 0.03%.This means 99.97% of the time, when you approach someone in foreclosure they are not interested in selling.So understand what you are factually doing...You are going through all this trouble to EXPLICITLY try to find people that do NOT want to sell their house (people in foreclosure), to try to get them to sell their house?

@Minji KimRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which is VERY important for stable rental income and low property maintenance/damage.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

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!