It is much more important to get to know what a PM's experience is, how many years they have been managing properties, are they also an investor, what types of owners they work with, how many total units they manage, what their largest property is, what class of properties do they manage, how do they handle tenant communication, maintenance requests, expenses, do manage commercial or residential, and what type of software they use.Just some advise from a seasoned investor and property manager, The First Question That You Shouldn't Ask is, How much do you charge?

Ideally I prefer 2 bedroom for my own vacation reasons but how does that translate to ROI.

I’ve typed in terms/Keywords like, “Investor purchasing ability”, “Purchasing power of real estate investors' ' or “Property buying strategy for real estate investors”.

What type of properties are you interested in?

If you just do wholesaling, you would be very limited to a very specific type of deal; that is the distressed seller who is willing to sell for cash in 48 hours at 75% of retail. 

People can now do any type of work they want and say it was that way before when they performed it without a permit!

Boots on the ground type. 

I'm not confident in listing traditionally and just wanted to explore options and speak to anyone who has experience in these type of deals in the city. 

Although this post is 2 years old I think it may be helpful to point out that the thread seems to be discussing two different types of LOI (letter of Intent).

The problem with asking this type of advice in a RE-centric forum is you will get a lot of bias baked into that advice.