Read what they are posting to sort out who is experienced and who is not.Podcasts.

I generally get a picture of the letter at the post office with the paid postage on it also. 

Focus on what the rents will look like post-renovation with 4 units instead of 2, and have a clear game plan for refinancing to pull your capital back out. 

Do you mind sharing what your Craig's List post looks like?

They can be great for spotting opportunities early.Good luck, let me know if you need any help and keep us posted on what you decide to dive into!

As i mentioned in my introductory post, I am really looking to using next year to jumpstart my portfolio.

@Nathan NoorlunRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

@Amol KulkarniRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Keep us posted on your progress.

Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing.