3) If their handyman can't handle a repair issue and they have to hire outside contractors, many PMC's will then charge a markup for their time - but they don't tell you this upfront or disclose in their management contract.

One major issue and they can be wiped out.

@Aaron Raffaelli, I’m sorry to hear that you are having issues qualifying.

Tenant is now saying that she’s in a hotel because the issue is getting worse and that the apt has had roaches for “years”. 

After I did find the coverage I am getting notifications from the insurer that a long litany of minor issues must be addressed (at almost every house). 

That (and insurance issues) are two big risks.

And while that number varies somewhat, the most common number of different issues that minimizes risk is 21.  

I don't foresee any issues but I'll keep you posted.

One issue that I'm noticing is the range of reported insurance costs.

This should be a non-issue.