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!

I would avoid borrowing too much money at the beginning.

Once I got an inspector in there, a lot of issues came up.Not to mention, seems like every single of their properties is priced at exactly the 1% rule - meaning negative cash flow if you factor in vacancy, taxes, and repairs. 

You can always change your buy-box, but it's great for focusing and helping avoid shiny object syndrome.Yes, you can find deals on the MLS/Zillow.

Yep, we want to avoid any rental agreements at the moment to give the home a fighting chance for showingsIt’s in the Hillsmere area, about 10-15mins from the naval academy. 

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

., the most dots on a Zillow map search) and delve deeper to see if it's an area of interest.Lastly, when looking up properties, be mindful of taxes.

Otherwise, you could use a DSCR financing that doesn't look at income/tax returns. 

Hi AllWe are selling our gas station/property and provided the buyer with the past 3 years business tax returns and are doing an inspection, but I received an email form the buyer saying their banker is asking for my Schedule E, why would they need my Schedule E for the loan?

As in some loophole that allows investment in real property through a tax exempt entity?