Santa does not still give everyone a 2.5 % loan.Insurance has to match the title,vesting, and note or you won't get the money when you have a claim.If a tenant gets ill, falls, is harmed by your lack of knowledge in most states you won't collect rent and they sue.Partners cheat you, don't be surprised when Uncle the general partner uses the checkbook for his vacation.An A location can change to a C when a murder happens next door, a natural hazard blows of every roof on the block.Values are not increasing like in past few years, do not expect valuation to be your exit strategy.Do not lose your W-2 job and not be able to refinance or cover the costs of problems.If you do not get title insurance, inspect the septic, fail to check that the water has petroleum coming out the faucet you are stuck.Any seller who is desperate hides all the problems that he never maintained.The rents they say are not the real rents they pay.

I think actually generalizations might be more harmful for those starting out seeking info..  

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each don’t cover.

So my friend is not really sure if the mold is harmless or harmful. 

Our experience has been that in cases where there has been prolonged smoking by the prior occupants, the only way to rid the most affected areas of the odour and harmful residues accumulated on exposed surfaces is to gut these parts of the property back to the studs.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I don't know if that is the case with this child but there is no harm in listing a child occupant or providing some documentation if the child is an resident in your unit.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.