No discussion about why. 

There’s no substitute for hands-on experience.

The cost effective way starting is partner with an established wholesaler and they provide people to reach out to or pay for lists and do cold calling/door knocking yourself. 

I require 650+ Credit, no violent crime or theft, 3X monthly income, and no prior evictions.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

It's soul-crushing, and no one should spend the bulk of their lives dreading going to work.

Im no legal expert but belief if you get foreclosed on 2nd home and you still owe money they can come put lien/go after first house.

Potential or actual STR revenue has no bearing on what it's worth.

If your market won’t appreciate you obviously need way more than the 5% you can get in the bank with no risk.

Pick one that is improving, homes being renovated and flipped, vacant storefronts being turned into cool coffee shops etc.Good luck.