You get the card, put it in a drawer, and never use it, but you will build a credit history based on their performance record.Work hard and save money.

Professional management and screening will have the largest impact on how your investment performs month to month from a cash flow perspective. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

In our case, my wife and I could afford a run-down fourplex that needed extensive work and was infested with roaches.

However, I’d think most contracts have a deadline for performance where you can then terminate and get your earnest money deposit back and move on.

Less risky, because it's still a roof over your head and you can see what performs the best.Good luck with everything!

The property needs a new roof, a new parking lot, and a few other minor improvements to enhance its performance.

It is likely any investment in that area will out perform larger market.Note if someone can creatively address the tic/coop financing issue, they could virtually split anywhere.  

Also read your lease as if tenant could easily see damage being done and did not report it, they may be liable, not sure how that works in court if it comes to it, especially if you didn’t perform inspections that would have found it.

Hi Jacky, it's important to look at how well rentals are performing in your area.