I am under contract for another property and am 99% sure I will not use them.

Property management is a "nickle" and "dime" business.  

Quote from @Marlena Hawkins: Does anyone know what insurance (liability, E&O etc.) is required for Property Management companies in DC and Maryland? 

Congratulations on your first investment property! 

We bought a property that we feel is assessed by the our local government too high.

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

Your investment property - This you could do a 1031 exchange on and buy another property you intend to use for investment. 

@Cole Starin sometimes it makes sense to sell the WORST property in your portfolio.Another option is why do a LOC on the duplex, when you could just do a $100k cashout refi to pay off all your debt AND keep the property?

I took out a mortgage on the property in November to help make repairs and rent it out.

.: Good afternoon BPers🫡,Will property insurance pick up the tab on something like vandalism or does the policy have to contain some type of clause built in regarding this matter?