Look for a manager who’s upfront about all potential costs, so there are no surprises down the road.Communication is Everything:A reliable property manager should communicate well—not just with you, but with tenants too.

All communications have to be through email, which is some cases is great, but in others it is horrificly time-consuming and inefficient. 

Recommend you connect & communicate with @Russell Brazil who knows a bit about the Baltimore market.In the meantime, read below about how nightmares often occur:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

In this last year, their communication with me has become almost silent. 

Reviews are a significant asset, and losing them can hurt future bookings.If a PM needs access to manage bookings, update pricing, or handle guest communication, they can still do so without owning the listing.

You can even offer them referral fees or partial ownership, if feasible.I also emphasize the importance of effective communication and weekly meetings with the power team.

They're also expecting an official offer on the second property soon.If everything goes smoothly I'm obviously glad that my money isn't gone, but I don't think that excuses the lack of communication and inability to respond to LPs.

The bottom-line requirements for wholesalers are:A buyer must disclose to a seller of their intention to wholesale the property;A buyer must disclose they are selling their equitable interest/contract rights (versus selling the property) in all marketing, advertisements and communications with other parties;"

But they are generally entry level younger people at a boring job. if you havent been 'encouraging' them with daily communication, I would encourage you to do so with with your point of contact. they may not be doing the necessary follow up needed to get a tenant in the home. and you inquiring everyday will most likely encourage them to do the necessary follow up.

This must be communicated up front because there are some lenders who have overlays.You can also buy the new primary after you take the cash out and use a DSCR loan program to buy another investment if you are worried about DTI as well.