Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

This unexpected expense turned what was promised as a cash-positive investment into a cash-negative one—the first in my investing career.To make matters worse, I lost $21,000 due to the property managers recommended by RTR.

There are houses that can be lived in and fixed up, or turned into multi-unit spaces (such as terraced houses with converted 'stables' at the back) for living in and earning income at the same time.

At this time the primary goal is passive income and then scale within 5 years as I gain more experience and network. 

When I bought my first place in Birmingham, the property manager at the time said they would not deal with Section 8 unless the tenants were inherited. 

That's the first time I remember being disgusted by him. 

Thrift stores take a lot of time to shop at, wasted time in my opinion. 

Like any tool, you have to know how to use it correctly or you could get, "injured".We use it to quickly sift through multiple options - and that's about it.BP has a Rental Calculator that includeds everything you are asking about: mortgage P&I, property taqxes, home insurance and percentage for maintenance & vacancy.It also includes Cap-Ex percentage, but in our experience it's a waste of time to worry about this.

I've seen where there was confusion between what is a first name or a last name. 

Quote from @Dinesh Nair: I am a Canadian investor with a US corporate entity- we closed on our first property and now working to find financing through a lender… however rates keep changing all the time.. is there a site to track rates ?