Yes, all those cautions are good ideas.

What you'll find is PMCs charge a LOT less.Of course, some DIYers will still think they can act as ther own GC or Project Manager to save money, and expect PMCs to do the same for free.

It can be a great tool to get an idea but should not be the end all be all. 

I went to the superior magistrate court clerk today for the list of pendants/notice of defaults, and they had no idea what I was talking about.

I need assistant or advise on the feasibility of one of my crazy ideas.

If you want financing, I would try to save up a bit more.

Families thrive there and save money on housing while becoming owners with equity. 

definitely would agree with John + Bree that light rehabs are recommended for first time investors that are just starting out so you can slowly dip your feet into the water and get a better idea of comps and what needs to be done. 

It requires a little more time on their part, but it saves time for us.

We all understand you want to save on fees and have the lowest rate.