Your best bet is to keep liquid cash and avoid PMI.

My advice is to do more research and avoid anything where your giving any cash to anyone up front or sending out any earnest money until you have viewed the property and know the rent market. 

The most important step to avoid a catastrophe is to create a detailed contract with your contractor.

Any recommendations which companies os states to avoid?

Conversely, you will run into people on your list that just seem to be a waste of time, so you’ll want to avoid them.

An immersive 8-week virtual summit designed to help you identify opportunities, avoid costly mistakes, and build lasting wealth in 2025 and beyond.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

It sounds like you know how to avoid this in the future, so what to do with the situation at hand?

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!