To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.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!

Here’s how to navigate these issues and negotiate with "AS-IS" sellers.Step 1: Asking the Right QuestionsDuring the initial phone call or walkthrough, I ask the seller key questions to assess the condition of the well and septic systems:Do you have any well reports, logs, purity tests, or flow tests?

We just finished a trip through the Midwest and narrowed our 1st area to start OOS to Kansas City.

Coffee sounds great too but sounds like your not local unless you plan on coming through Memphis again soon.

Would I have a tough time finding a private buyer vs. going through my real estate agent that sold it to me? 

Cash flow per unit, how much is left on mortgage per unit, etc.

multifamily has been very disappointing to me along with the commercial market. the cash flow is worse than single family and the bigger syndicate deals seem like where the profit is. 

Purchase the crammer course through hondros or whichever school you took your classes through, it's helpful in narrowing down the information for both state and national

Always seek someone's advice that has gone through the steps.

This isn't about what YOU like, its about what gets you more rent as most rentals are for cash-flow.2.