Quote from @Jake Andronico: @Alan AsriantsReally not that bad (in my experience), and most people aren't willing to do it.

I feel like it would be great to trust a property management company on all of this, but it would be hard not to step in if you could do a better job at screening bad tenants (eg screening HUGE future problems).I initially managed properties myself, but now I delegate that responsibility to my business partner, personal assistant, or a property manager at my brokerage.Most PMs I know will send you an applicant for final approval and you can get on the phone with them and ask them questions

Not saying it cannot be done but be aware that these programs I have heard good things about but also recognize timing and you may have a great education but bad time to implement

It's been extremely underwhelming, not that costly but it's pretty bad. 

It's unbelievable that anyone could be so bad at buying real estate.

Airbnb and Vrbo will expect your rental to get 5 star reviews, to them anything less is a bad review. 

@Matt Wan In my opinion, there is never a bad time to buy the right investment property.

Hey @Brody VeilleuxLets first dismiss some really bad info that was stated by others:Please, do NOT tell a hard money lender you are buying an investment property and then move into it!

I do tend to be someone who ask questions and only wants to hear what they want to hear, but at the same time if it's a bad idea.

But I do not buy bottom barrel properties in bad locations (busy roads, crime, eye-sore views) instead I focus on making a property one that the average modern family will want.