To me, if you aren't at least maintaining 0 cash flow, you're betting too much on appreciation to the investment work. 

Marcus, the event was great and I truly appreciated your market review and forecast.

Be sure to review the legal documents, oral representations won't stand up in court.

And even if you hire a property manager to take things off your plate, that process isn’t foolproof, as Gregory illustrates.Buying a turnkey property (ideally with a tenant in place), or opting for a syndication or fund, could be a better bet if you’re looking to invest outside California but don’t want to deal with the hassles of “landlording.”

Even at $60,000 a unit - that is a $1.2 million deal... and realistically I bet they will be over $100,000 each... all just a guess... but when you get into these price points and you are "new to real estate" as your title in your post suggests - I think you are probably getting in over your head for a first deal.  

There's a lot of sites and resources such as Angi, Thumbtack, Bark, and manually searching Google (reviews) and Yelp for a handyman.If you're looking to go commercial you may want to consider someone like Mr Handyman (neighborly).

@Jae Yoo you'll find it will cost more to sue the PMC than you will recover.While contemplating that, do the following:1) Review your PMC contract to determine how to terminate.

@Scott Suryan we've review REI Nation's processes and met Chris - if we ever did turnkey, we'd model it after their systems!

I suspect the guests via their reviews will dictate what constitutes a bedroom.  

Of course, always check recent reviews.. they tell you more than a flashy website.Size Matters: I’d avoid both extremes... massive firms managing thousands of units and one-person operations juggling too much.