A good sponsor is someone you can trust, that does good due diligence, is fair to both sides, etc.... 

Find a reliable team, offer fair pay, and keep them motivated to stick with you for future projects.That’s what I have off the top of my head.

A number years ago, I went to town buying a bunch of rentals in a short period of time and I can assure you they took money from my family instead of putting money in my family pocket.

Be careful not to violate any Fair Housing laws during this process.

In my market, which is a fairly economical place to build, I am friends with full time builders that are in their properties about $150k/door for construction level finishes.  

I'm looking to gain momentum and scale fairly quickly.I'm going to try rentredi and quicken to manage the numbers.

They had said that they would take care of any foreclosure issues and that it would be fairly hands off.

When it comes to experience I have facilitated my fair share of successful projects, however the point still remains that I did not complete those deals completely independently.

If you have an older home that requires a lot of maintenance, you probably want to avoid the manager who charges a markup.I recommend shopping around occasionally to see if your PM is procuring fair pricing or just marking you up to make money without justification.As for expectations, you need to read the PM agreement and understand what is charged and why.

House hacks are fairly straightforward regardless if the units are separately metered.