In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

@Bryan HartlenI haven’t invested but I spent some time at a conference with the CEO Lindsay Davis and first impression was she was awesome to get to know.

The on the left side, select "Schedule E Wks" and then check box "G" (other passive exceptions)."

Learn what a good tenant looks like, then learn how to screen people so you can select good tenants.

You have to be very selective of the sub market you want to be in.

Can we select any of them?

Therefore, it's imperative to conduct thorough due diligence when selecting a company to facilitate your financing.

Pretty impressive.

Now, if this coach is going to co-GP your deal, bringing their balance sheet to secure a loan, investor connections to help raise the money, asset management skills, broker connections, etc to actually get a deal done, then maybe that is worth the share of profit, but most guru's I hear about are available for questions you bring to them, and put you through a generic course, typically with market selection information, basic underwriting education, etc.  

Example belowwe found a house for 900 a month rent Asking price was 59900. taxes 1400, insurance 800, renovation budget 25k mostly cosmetic and minor fixeswe went into it expecting a 15% return on our cash out  that gave us a expected cash out loan around 75k to get our 1.4 dscr   When we plugged our numbers  we could go over 47k on our offer to make the deal work  we offered 43 and got counter 47,5  we took the deal assume a slightly lower 1.38 dscrthe key is to scale and be selective on tenants AND not allowing pets (you can offer them but suggest crazy fees to cover yourself)  500 pet fee, 25 a month per pet etc.