A few important things I would be looking for:1) the experience and credentials of the broker who supervises the company as well as the lead property manager2) the services they offer and how they line up with your needs and expectations3) the use of technology to make their job and yours easier 4) if they have a landlord-tenant attorney on retainer to help guide them on legal issues (not to mention the creation of lease agreement, landlord forms and notices, etc.)5) their process and policy for a) listing, b) application, c) tenant selection, d) routine inspections, e) maintenance services, f) property and tenancy update reports to you, g) lease enforcement policy, and f) move-out process.6) property owner reviews (you can't always rely on Google reviews, because they may not reflect actual quality of the company, but still) 7) beneficial programs for both owner and tenant 8) a property management agreement that would indicate they know what they're doing and have the experience to know what matters in a PMA.

But if you have one person who wants high end and new all the time and another who is fine with status quo, it is going to lead to problems.

We bought much of the furniture new, choosing premium quality for the main rooms, and supplemented with discount deals online or some lightly used items.

Where can i find inexpensive but quality kitchen cabinets?

Acquiring an income earning property with high potential for appreciation for less than $20k out of pocket?  

I think Dave Ramsey(who I respect but don't worship, lol) would be highly disappointed in me for even thinking about doing this, SMH.

High yield savings, pay off debt, 401K, etc.?

I think first off what kind of money is involved here..  1 acre prime commercial worth 500k or 1 acre of high AZ desert worth 10k..

We use a lot of caulk on damaged wood to help fill in gaps, etc - especially up high on the sides of houses.  

Even in a perfect market with low interest rates and high resale numbers, and the perfect Contractors and Property Managers.....