We hired a company to rent our place only for leasing and we will manage once it is rented. 

I am 1 out of about 50 people we know of scammed by these two companies. 

My wife and I own 14 short term rentals in Carolina Beach, NC, and we also co-own a property management company that manages another 54 listings.  

Getting estimates for insurance before making the purchase is important, as insurance companies typically charge higher prices for properties like this.Best of Luck!

I set up a property management company this year and intend to get into the business of property management.

Our company is possibly looking for other financing options for our future rentals and I came along corevestfinance.com.

It's not foolproof but if another investor has used a company and has had good experience then that usually get's us in a good starting place.

Be sure you are working with a CPA that understands the value of leveraging the tax benefits on investment property and working with an engineering-based cost segregation company with on-site property reviews and audit defense at no cost if ever needed during your ownership.

There are two tricky areas with this building and the buy:1) It is owned by the company operating out of it, so it is not leased nor has it been for decades.

California max 2% increase a year (unless doing significant renovation like adding rooms, an ADU where it's reassessed)I talked to a very honest Indy property management company who said the people who do well with Class C buy in volume (not your typical beginning investor) because the good properties offset the losers.