buy in a short term rental approved condo building in the urban core, pretty low risk. properties are appreciating at record levels, keep the price under 500k. buy a studio or 1 bed. we are doing this style development and it accounts for over 60% of condo development in miami dade. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

@Ryan Wakabayashi that’s great I am doing the same thing trying to learn as much as I can and network with as many people as possible In the cities that I would like to invest in.

Encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

What did you learn?  

The thing I have learned through flipping many properties is that slow is smooth and smooth is fast.Make sure you vet your contractors as thoroughly as you would vet a tenant - I have learned vetting is one of the most important things I can do as an investor.

The learning culture is great and in my opinion it’s just very difficult.

But it looks like an unfortunate "lesson learned."  

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Here's my take on the topic: please comment so we can all learn more!