Did you ever select a program, which one and want to share the experience?

Do not select the first Property Management (PM) company you talk to.

Properties in wealthy suburbs like Mountain Brook or Vestavia Hills won’t meet the 1% rule, but select deals in Forestdale or Bessemer might.But if you just take the median rent in Jefferson county and divide it by the median home price, it’s going to look like nothing meets the 1% rule—when in fact pockets of it might.

I could have done better in selecting my properties.

@Matt Wan you've received some excellent advise here.

And I understand that i am college kid with no money or experience but then you see people like Rob Beardsley who dropped out at 20 and bought a 200 unit property through syndication and then you think, hm, maybe its possible.I am fairly new to the real estate investment and what I have learned so far is choosing a mentor and attend real estate workshops then expand your network which will help you to pick up the pace, select your investment strategy and grasp the business model.

Excellent insight showing just how ridiculous this “don’t need capital, just drive for dollars” nonsense is. 

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!

The inefficiency of this system makes it risky to rent to tenants without stringent screening processes.Consequently, I have had to adopt extremely strict criteria when selecting tenants.

If the property meets your financial and lifestyle goals, it could be an excellent first house hack, but be cautious with the risks and have a contingency plan.Good luck!