To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

We use buildium accounting for our units -- it was one of the reasons we selected buildium.

If there's selective demo that's required after the initial demo is completed for the electrician, plumber and HVAC tech, do you wait until sheetrock is hung to have it cleaned up?

If you are going to complete the BRRRR method in a lower tier neighborhood, select a neighborhood with the fundamentals that indicate the neighborhood will transition to a neighborhood where home ownership will become more prevalent.

One thing I'd think about is that some of the retail products which do this seem to be useable in a 1031 exchange and some not, so I'd keep that in mind when selecting what to invest in, if 1031 exchange is part of your strategy.

My suggestion would be to select someone with the most forum posts or most reviews.

I'm hoping this leads to me avoiding a lot of those early mistakes, but we'll see how well that actually holds up.The main thing I am excited about with Bigger Pockets is hearing opinions and thoughts from a wide array of people.

However, you have to be very, very selective. 

Hi @Ian Dale Ibrado,In Canada under the commercialfinancing umbrella for multifamily, there is "conventional", "RegularCMHC" and "CMHC MLI Select" which have different requirementsfor debt coverage ratios, loan to values, down paymentrequirements, amortizations, and interest rates.

Just be sure to select a reliable property manager that aligns with your expectations