Pretty big "drop off" from A to B.....I guess to make "A", as a landlord you have to do everything and anything the PM wants and be willing to pay any price for it.....and feel blessed and honored that you get to pay the PM their fee every month.....and not hold them accountable for or question ANYTHING...... which may be all fine and dandy IF.....IF...... your PM is also an A class ..... if they are a mid/low B or C, then you will get screwed in one way or another.Being a PM can be a really hard job....or it can be easy $$ if the units is basically on autopilot for huge stretches of time etcJust like ANY profession....there will be rock stars and there will be incompetent morons Until you prove to me you are a rock start, I guess I'm not making the A list.

Fortunately, I waited to send the request until the guest had already given us a 5 star glowing review, so at least our ratings were not affected.

We have many investors' success stories to show for it, including more 5 star reviews (250) on BP than any other company that is on this website (https://www.biggerpockets.com/co/RentToRetirement).  

Below are some actionable steps I plan to take after identifying a market:- find a rock star agent by referral and/or calling brokerages and asking to connect with their top producing agents- find a rock star contractor by referral and/or yelp- have control over construction by setting per diems to incentivize contractor to finish the project on time, within budget, and with good quality- leverage my rock star agent's time to check up on the construction process (checks and balances)- hire independent handymen/inspectors to check up on the construction process for a flat fee (checks and balances) There's competition everywhere, you won't escape that in any market. 

After hearing about the BP podcasts, I finally decided to quit eating Doritos while watching Dancing with the Stars and take action!

If it's a matter of a quarter point but the more expensive debt is with a bank that offers better other terms like amortization and LTV, and they have a rock star loan officer, I'd go with the slightly higher interest rate product.2.)

Now a giant city 250,000 people and home to Cowboys, Stars, FC Dallas, minor league baseball, lots of companies, new Universal Studios theme park and something like 10 high schools now...big high schools. 

Meaning, you have to always be selling, always doing your best for a 5 star review.

A good bonus structure can turn an average manager into an all-star. 

In the short term, that might just mean pithy comments and references to movies starring Seth Rogan...