Of course bad appraisals happen, but they are still running a formula and the poster said he challenged and lost, so the issue is not with the appraisals.

Considering that “track record” is an issue, our first deal will probably be stabilized with day one cash flow.

They are going to be able to navigate unexpected issues and guide you through the project. 

If your looking to continue build your portfolio with little interaction with tenants and not deal with issues throughout the lease,I would go with a PM.

I super managed the property – income, expenses & loan - and took care of all maint. and mgt. issues (the water damage was handled through the previous owner’s property ins. ) and brought the occupancy to about 100% while raising rents about 20%.

It is also easier to see issues with the walls removed.

Common problems are sewage backups, mold, infestations of rats, and other pests, faulty wiring, roof leaks and it violates the city’s building, health and fire code poses health and safety risk.

I'm a land broker in Southern California and a lot of my sellers are families with issues like this. 

Just be aware of the issues:1.)

Here are common legal grounds for evicting a tenant:Failure to Pay Rent on timeFailure to pay rent is one of the most common reasons to evict tenants.