Also, if you haven't lived there but are a co-owner, you or your friend may not be able to avoid capital gains tax.

Hi, just wanted to introduce myself. I currently live in Butte, Mt but plan on moving to Phoenix, Az for 6 months out of the year. Just would like to start building relationships with people In the Phoenix area as well. 

This is what happens when owners go with the cheapest PMC services they find, yet have no clue how the services actually work.- The new PMC you want to hire will have to increase your Placement Fee, so they can offer a commission to an agent that brings then a tenant.

For example I need to know if you are planning  to owner occupy or at least tell a story you are.  

@Chris CoreCan’t find a rental property to cashflow?

@Allan Guerra, at least in Ohio, you cannot receive a commission based on the purchase price of a property without being a licensed real estate agent.  

Their projected numbers were wildly inaccurate, particularly regarding property taxes.

Check in with a local Rental Owners Association

@Tom GrieshammerThe best bang for your buck would be buying an existing duplex with an owner-occupant loan and putting down 3.5-5% and live in one unit.

-Have you thought about potentially buying a house-hack property?