.- Investments will be buy-and-hold, so ideally I would like companies with which I can build relationships and receive future counsel for landlord-tenant issues that may arise so I don't have to constantly be attorney shopping.- Ethics and integrety

I decided not to list on Airbnb because of how impossible it seems to be to deal with them if an issue arises.

-Maybe a potential BRRRR with a 203k loan if the opportunity arises ( I tried really hard not to scoff as I wrote that one.) 

My main concern with California is that it's not landlord-friendly, and rent control seems to be a rising problem.

I keep all of my reserves in a savings account earning 5.25%.Another consideration is how much steady W2 income that you have to supplement repairs and maintinence as issues arise.

The main issue I see arise, where conventional lending won't lend is if the association is in distress, or over a majority of the units are investor owned. 

This information could help you out in the future should another unfortunate problem arise.

Plus, they're ready to pass the properties on to someone else, and this problem will arise with any buyer.

As I drill down into this industry more questions arise and I am curious what would be considered a good capitalization rate.

Some people like getting the monthly rent payments out of the way when the opportunity arises financially.