A lot of tenants have come from word of mouth and people bringing in their friends who they go to school with.  

He often mentions BP. 

I just sold 25 units using the wholesaling approach, so it can indeed be done, and often.

These types of properties are easier to come by, often better priced, and can increase your overall rent for the property. 

These are often the way to go.

I am assuming that the 80% of tenants that get a full refund still have normal wear and tear that you need to remedy and then pay for....

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

SFHs are often easier to finance, and there’s usually more demand, which gives you better comps and exit strategies.

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!

Rarely do I come across a LLC that is treated correctly (without comingling of funds, documenting the minutes of the required board meetings, and often paying the franchise taxes to keep the LLC active).