#1 This website is a great reference point for figuring out what each area is like. https://www.areavibes.com/It gives you a total LIVABILITY score for each street and zip code. 

For reference, we've bought 150+ units and probably overseen $2-3m in renovations, and we still own 51 units.

In my experience it helps keep pre-applicants organized and is an actual sight with a google-able name so it doesn't seem as scammy.The background check and credit fee is $30 paid by the prospective tenant but I always tell people applying for my units ahead of time what my credit and background requirements are and that if they pass those qualifications (plus the reference checks) and sign + pay the deposit that I will reimburse them the application fee.

He referred rate caps being an issue in today’s market a number of time.

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Just hit up as many brokers in the area as I can find and have them refer MF agents?

I also did an initial telephone screening/interview and check references.

Always ask for references from other property owners they’ve worked with.

Document the condition thoroughly for future reference and estimates.If the property is of interest, it’s crucial to have professionals assess potential structural damage, electrical issues, or mold remediation costs.

Yes, I am referring to a DSCR loan.OK, so this is something I need to ask the lender as part of my lender due diligence.