Surprised about the construction especially since the earthquakes are frequent and can be bad.  

Talking about poor children and the such is just designed to make me feel bad.

Basically - I want a PM who keeps the property in good shape and occupied to get paid, and a PM who is either bad at maintaining properties and finding good tenants, or just really unlucky, to not get paid.- PM charges 8% of rent, which escalates to 10% if the property exceeds 95% occupancy with rent collection. - PM charges minimal fees.- PM is contractually obligated to perform annual maintenance/inspection to keep property in top shape. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

I don't allow any infomercial-style sales pitches at our meetings (ok, it might not be that bad but I just imagine some events being like an informercial!)  

Most will be negative because they have had bad experiences with it. 

There are two reasons this is a bad idea.Investing with an SDIRA (assuming it is not a Roth) will often result in paying significantly more taxes. 

As a rental strategy for non owner occupants, it absolutely is a fantastic way to generate the highest return, that's true.....but also, and most importantly, your screening has to be on point, and without that, it won't be as effective because one bad roommate can ruin the environment for the other roommate tenants. 

It is possible that it will comp out but I might hire an appraiser to see what they come up with.It depends on how bad you want it.

The tenant friendly laws in Philly are as bad or worse than NYC and Hudson County, NJ.

Best of luck to everyone still fighting the good fight!