(see above)Important:  If you have no information or documentation from the previous Landlord regarding the condition of the property when the moved in....AND.....you have no documentation of the condition of the property from the date you took over as owner/Landlord up until today, March 15th, then you're currently in a very weak position (that's putting it nicely). 

The lower end of that dial, strong cashflow but weak appreciation, and high maintenance tenants, is where much of California comes in weak.For people that go multiple directions at once, mixing it up for diversity early on, laziness eventually compels them to shift more towards the modest cashflow with lower maintenance tenants and higher appreciation direction.

I would avoid being anything but business-focused as it's amazing how many tenants perceive friendliness as weakness and will attempt to push the boundaries with 'the new guy.' 

Both have their strengths and weaknesses.

Go after “A” properties with weak investors.  

The fee is also not always worded to protect the investor in a weak or bad deal outcome.

You may not get all of the documents you request, but you must INSIST on verifying the rents actually collected.The one thing you may be weak on is track record and personal financials.

As with most things, this decisions requires the student to have done some amount of self examination to identify their strengths, weakness, goals, and limits.

This is starting to show weaknesses in their capabilities and proving to be a hassle with the growing complexity of managing this property mix; Avail being configured for residential and weak at handling rent escalations and charge-backs, and Stessa having unreliable bank connections. 

In this sellers market I would say you would be losing money as soon as there is weakness in the economy.