At least people have ratings on the OTA and I can see if other hosts have had issues.

Some easily verified facts:- San Diego appreciation has been great - San Diego rent growth has been great- prop 13 protects against exorbitant property tax increases- San Diego has one of the lowest eviction rates in the country- San Diego has one of the lowest delinquent rent rates in the country- San Diego has a very low vacancy rate- historically for long holds, San Diego has produced near top in nation return.  

I'm getting concerned because I know from all my BP reading/learning that expected PM rates vary from 5%-10%, so I was preparing to pay on the upper end of that to make sure I find a "Rock Star" PM (as BP books would emphasize doing).

With today's mortgage rates a 30 year mortgage doesn't even work! 

Renting by the roomRenting by the room has been the newest method that some savvy investors opted in for to maximize their cash flow with today’s interest rates. 

Most focus on the fees and management rates but the most critical part of any PM agreement is the authorized agency that's created to act on your behalf and there may have been protocols that have to be followed in order to supersede what's in the agency agreement.

Hi Avery, Here are some important questions to ask a lender before deciding to work with them on a BRRRR project:Loan Terms: What are the loan terms, including interest rate, loan amount, LTV, and any points or fees?

When making investment choices, look into job opportunities, population changes, school ratings, amenities, and rental needs.

The percentage of people having actual deals among Big Dogs, is, in the best case, under 5%, probably 2% or less, and that could be considered their real success rate.

There might be some other creative loan products that are available to you so having a good lender can help reduce the monthly payments until the rents increase or you can refinance at a lower rate.