Based on my limited but very positive experience I am recommending the pm be Janice KemmerBuying a property off mls and turning it into a top producing rental takes a lot expense, risk, and work.

If the IRR exceeds the WACC, accept the project as NPV > 0, i.e. positive cashflow.

Great neighborhood, that’s where I live but not ideal for REI..Most apts are Coops the majority of boards won’t allow you to rent and if they do there will be restrictions..SFHs, Multis or Condos prices are very high, it will be difficult for positive cash flow every month..

They are extremely difficult to achieve positive cash flow long term.

Would like to hear of personal experiences both positive and negative ?

on our MLS we have something called bumpable.. seller can bump you if there are any contingencies.. and move the other into first position..

Ask him for the citation to support his position, and if he can't find it, then ask him why he believes what he believes. 

You can perhaps partner with someone (via equity position) in the property purchase to mitigate risk and liabilities.

When I left my position I began taking 5% management fee to finish my 40 quarters to qualify.  

I am not in the position to leave the stable income I have for car sales.