@Jared W Smith @Darren Browne  I am in the  Bronx/Yonkers area as well and am new to the investing game.

It's the essence of the game that we are all playing here.

If you don't have the same skill set, game plan, and execution it won't work.  

As for looking for a PM firm once you determine what market you want to invest in I would look up NARPM and start with them..Below are some questions I would think would be a good starting point for you to see who really treats their company like a business or a hobby.

@Jay Garrison what neighborhood are you in? I

Lots of gotchas in the redemption rights game, but lots of good deals as well

My objective was simply to get in the game, and therefore the short term loss was well worth it for me.

I live in California and minimizing liability is the name of the game here because the state is so favorable to tenants, even when you go out of your way to do the right thing. 

And it never hurts to go travel and see their operation and the areas they are investing in. I

Nothing is guaranteed for the outcome and results but what is locked in is the fees and rate you have.