To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Many times the applicant will tell or show you what they are supposed to receive, BUT many times they haven't actually been receiving that money like they are supposed to.

and if the property is 3 units, but i am doing a large reno on only one unit, can i get away with just making that specific unit lead free or would i have to make the entire 3 units  lead free in order to qualify for lead free at that address?

But, we still hire outside to make sure we don't miss anything.If we had not hired an inspector when we first started, we would have not caught countless items, and would have overpaid on every deal.If you're going to hire a property manager, and expect them to give you an objective analysis, good luck.

The rent to price ratio's look really good for Texas (as well as compared to national levels) and my models cashflow at 20% down if the rate is at 5% or lower, really at the current rates its more breakeven but there Refi potential over the coming years and there is appreciation upside in my opinion with the new Tom Thumb, HEB, and Target breaking ground this year making Forney a more classic style suburb.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

This guy is in class action lawsuit LOLHis typical way of making money, over valuing the RE by selling it to folks like you and me lol

Bob Copper at Storage 101 is who I'd recommend on whether the site makes sense for adding storage to it.

That may make a difference...Plus, adding some keywords (for me, I always add Chicago or surrounding suburbs) to your post will help get the right investors on it to give you the right advice.

It'll be a bit riskier than buying something already renovated, but if you have the right team and numbers in place you could pick up some more equity on day 1, have less money out of pocket, and have something that produces some cash flow.