I'm an avid reader of BP but I'm also a self-taught investor like many of us here, barely 3 yrs deep into REI, so I'm certain blunders abound.

I had an applicant years ago that got a random $10K deposit and that was a red flag to me.

I wanted to introduce myself as I am incredibly anxious to step foot into the incredible world of REI and would love to know if there are any local investors that meet/would like to meet on a semi-regular basis.I currently have a full time job in outside sales in the Arvada area so I do a lot of driving around which enables me to spend a lot of my time listening to podcasts and educating myself but I would love to get to know some players within my local area to really dive deep into the subject and in which I could potentially be of value in the future.

Rentometer can be handy here.Vacancy Rates: High vacancy can be a red flag.

I do realize that I did not dig deep before hiring the PMC from the beginning.

What are some red flags?

In fact I think truancy is a real concern. 3% of rent which if it was $2000/month or $24k/year, a fee of $60 or $600 would not be a premium, rather a deep discount from the STR fees or PM fees I hear coming from Bullhead City, AZ or LA, where they range anywhere from 10% on up.April did you use Nomad after all? 

Lake Coeur d'Alene is a natural deep water mountain lake with an average depth of 125 feet.

I plan to start a deep dive into off-market deals in the next couple of months, aiming to occupy the property by July of next year.

Here are a few key things to keep in mind when you’re hiring:Experience and Local Knowledge:You want someone who not only knows the ins and outs of managing properties but also has deep knowledge of your local market.