These properties today can throw cash like crazy, but you'll be dealing with a certain kind of tenant and depending on your tenant screening could be looking at higher costs due to poorer tenants.

You don’t really have to enter passwords anymore, most channels load the activation code option, the few that don’t load it have the option on that log in screen to do it. 

Never replaced the broken fence or gate from the hurricanes.

Not saying that those are possibilities but understanding those potential outcome and doing what you can on the front end (screening + clear expectations) to avoid them.  

Review the quality of the tenant base (do they have a history of paying on time, what were the original screening criteria, do they have applications on file).

Good question to ask when screening a PM is if they are real estate investors themselves.If you want a PM to be proactive or knowledgeable on where/when to add value (asset management assistance), find one that is an investor.

Here is the new response:  "The Terms and Conditions were not properly displayed for the cardholder during the order process or on the same screen as the checkout screen before the final checkout.

Buy solid properties in decent neighborhoods and screen your tenants well. 

I think Bigger Pockets can and should do more to help investors have "bigger pockets" by not only warning but screening guests.

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, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?