If I'm hired to defend them in an IRS audit, which I have done plenty in 20 years, I'd much rather defend $9,000 income supported by bank statements than undocumented $10,000 income and undocumented $1,000 commission.

I know there are plenty of people talking about it on here, but I've seen a lot of investors struggle with anything more than a paint and carpet type of rehab. 

Yeah why am I going to invite my tenants to take advantage.

Feel free to ask me any questions as I'm sure I'll be asking plenty throughout the forums.

It seems like you have plenty of space.

Alex, the property is in a good area with good schools and plenty of shopping near by. 

(There are plenty of PM’s who’ve been in the industry with low success rates.)Instead, you should also consider their experience in:Getting proper returns for their clientsHandling properties similar to yoursDealing with tenant issuesFinding tenants during dry marketsBy considering their experience in areas like these, you can evaluate how good they really are.2.

Plenty of unknowns with COVID and what lingering impact it’s going to leave on the economy and RE.

In my opinion its not something you do just to learn more about the industry, there are plenty of online resources where you can do that for free.  

Im not saying you should back out of a good deal,  but you should definitely ensure you have plenty of equity to whether a potential storm.