That investment opportunity is wide. 

For instance, you'll learn about what TYPE of property does, and does not work for your house hacking needs, while also teaching you a lot about your local rental market, tenant selection & management. ...you might discover that you're completely fine with having two tenants at your HH, but three is just too many...or maybe you'll discover that certain floorplan arrangements do (or don't) work for your style of househacking...I can almost guarantee you'll learn SOMETHING that will help make your next property even more of a househacking success!

Buyers have much more selection and can now be more picky about a property’s condition.

@Ryan PritchardEven if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Takes a lot of time and has a low success rate - but I want to do this with select properties only.

I'll be driving for dollars as well, but I figure mailers could be a decent way to cast a wide net. 

When selecting a partner though, I would recommend avoiding close friends/family as first investment properties can be a very stressful experience for many. 

@Wendy ThurstEven if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

The city should have had this responsibility.Prior to not getting one of our units selected in the STR lottery, I had contributed to a legal fund to challenge the quota. 

@Clara ConstableEven if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!