But making a mistake like that may result in bad performance which scares you out of the market.

Mistake with PECO billing as @Steve Babiak intimated.

Here's our standard post response:In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

So the worst case scenario I could see happening is housing prices dropping 1-5%.

While I don't have any creative solutions for you I would advise everyone else reading this post to learn from this mistake.  

Hi Carlson, typically this time of year is the worst time to rent units, however I’ve had some pretty good success with winter time leasing because I’ve certain methods that I’ve employed in order to get rentals rented fast and then managed efficiently.

What mistakes/lessons have you earned along the way?

I made every rookie mistake in the book and got burned by several contractors and numerous tenants.

@Michael DumlerThe thing is I messed up and not put due dilligence in my contract, newbie mistake.

I would recommend looking at both for an acceptable opportunity review.Per recovery of "cash in" concept, please don't forget "year 1" numbers will change over time - and hopefully "year 1" is the worst.