. - Confidence in our ability to produce a quality product and improve our systems - Trust gained in the hard-money lending community - Excitement for future projects!

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!

A lot of those older houses have corroded cast iron or galvanized pipes.Asbestos - This was use in many house products all the way back to the 30s.Lead-based paint - This was used up until 1977.  

They are a fairly new outfit but seem to have a good product offering and have been responsive thus far.

@Mark Enis this is ENTIRELY dependent on the loan product you are using. 

But many people like having a feel for what's going on at their property, and find controlling their reputation and product is easier with small or mid-sized buildings.

I am a partner in a General Contracting business building new Custom and Production homes.

Regardless of the real estate type, I think it’s more productive to just make $600k a year in your job and get some great properties in great locations, enjoy the tax savings, and let time do its thing with appreciation and mortgage pay down.

But its seems like these products are imaginary programs that people have heard of but nobody has actually done one. 

BUT you just need to have a great PM as you can attract a poor tenant in that tenant pool(for the area)