In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Ask questions, prepare for the worst.

Keep in mind, they will make mistakes, forget things sometimes, just like we would if we did that job every day.  

However, then I thought about it more and what’s the worst they could say?

If you overpay for the property by $30k-$40k you'll likely never recoup that loss.To ensure you don't make a mistake on the property itself always get a home inspection and an appraisal.

Finally , he said he was done and they left me the worst turnover I have had in 14 years of being a landlord.

Worst case, I can go LTR.

To start it off, I've known this agent since High School (Mistake on my part, I know).

Follow those who've gone before.Find experts specialized around that niche.Partner with team members in areas you are not good at or don't want to do.2-3 quotes instead of 1, will save you on renovations.Always be conservative in numbers and timelines.Have reserves.Set aside reserves for each property.Buy for cashflow.Learn from your mistakes, create processes so you don't repeat them.Network to grow.Rinse & Repeat.

Worst case scenario they say no and you have to fix it yourself in order to close.If the lender does not require require specific repairs, then move on, close on the house, and be happy you bought something below appraised value.