I recommend you speak with a lender about reviewing whether you could qualify for a loan prior to making an offer, as I've seen these kinds of things blow up.

Quote from @Andres Ortiz: Hello all, as many of us have been experiencing, I have not gotten any value from any of the PMs that I have engaged. 

I handle dispositions and tech; my business partner is more experienced with exit strategies and the finer points of investment.Hope this helps!

As you've experienced, this is a tough dilemma.

Will they "check themselves" from bad behavior when they see a professional company with professional services, legally reviewed lease, etc. managing their day-to-day?

By preparing for down payments, understanding realtor fees, and partnering with experienced lenders and legal professionals, you can make a sound investment in a secure and thriving real estate market.Take advantage of this opportunity to turn your housing allowance into long-term equity.

Check fees are $10**** When buying physical real estate, you must have a 10% cushion of the purchase price**We waive the first 6 transaction review fees for the life of the account.*** The first 12 incoming checks are free each year.

With your costs being less you can invest more into the property to build reviews and get bookings. 

If you're going to do it alone, make sure you your due diligence: estoppels, inspection, review, consult with a local attorney familiar with the local regulations, etc. and good luck.

Working with Real Estate ProfessionalsLocal Real Estate Agent: Choose an agent experienced in student housing.Property Management Services: Consider hiring a property manager if you’re not local.Inspection and Appraisal: Conduct thorough due diligence to avoid costly repairs.6.