Hi Nina.If I were not experienced in land lording and property manager, I would look personally to the extent you want to learn or experience property management versus hiring someone else that you trust to do the job.Yes, the cost for a property manager is important but not essential- the cost between property managers are not double or triple the cost of others (say like attorneys in some areas of law or cars). 

I'm personally in Broadmark and Arixa and considering Iron Bridge.

Experience is key for sure - but there is also the reality of LPs needing to allocate capital and the number of experienced operators available to invest with will likely be smaller than the LPs who want to invest.  

But, naive instagram followers sometimes send hundreds of millions in cumulative investment dollars to these social media personalities, allowing them to buy their beach/mountain homes just with the acquisition fees. 3) Ability to make lopsided bets that can't result in losses for the syndicator (only their LPs): Because of the naivete of their investors and lopsided power dynamic, the syndicator can pursue strategies that give them the ability to make lopsided bets that ensure generational wealth for their family (their LP investors take all the risk). 

That code section states:(1) “Prospective owner-occupant” means a natural person who presents to the trustee an affidavit or declaration, pursuant to Section 2015.5 of the Code of Civil Procedure, that:(A) They will occupy the property as their primary residence within 60 days of the trustee's deed being recorded.

Do not allow the seller to return for personal belongings after the close without some type of documentation on when they would have everything removed.

I have known them to let things slid plenty of times if with some Q&A it comes apparent a person knew what they were doing, used good correct practices.

So, as always, consult a Loan Officer experienced in this space to learn if one loan product will fit you better…but in many cases FHA cannot even be an option since that self-sufficiency rule exists.Why did Fannie Mae make this change?

Essentially, I want all cash flow/expenses to be flowing in and out of a business account rather than my personal bank accounts. 

The police called the number, introduced themselves and the person on the other end immediately hung up.