@David M.The better managed funds will have audited financial statements and typically also submit semi annual or quarterly reports.Those that go regulation a+ also have to submit to the sec so their information is all public.Like anything, some private are better than public and vice versa, really comes down to the sponsor/CEO and the team in the majority of instances.

That could include business, law, financial, project management, etc.

I do have some experience with property management.

The loan was for 932k 791 purchase and 132k 50k construction 72k interest and tax reserve.

Another option you may not have considered is to work with a developer and build a multi-family property in a desirable area, leverage ECO construction benefits available ($5 to $15 per sq. ft.) and cost segregation and bring in a management company to manage the property once it is ready for occupancy.

Consider using turnkey services for fully renovated properties that don't require property management.

Most professional property managers will not manage a home with a warranty in place because we know that it only causes delays and more problems.I agree with Jonathan.

2) Do you hire a property management company before or after you purchase the property? 

As for new construction costs im a little bit out of the loop because Im more focused on the hotel businesses now, but either way you can find an existing property with good returns or talk to a builder like Morton Buildings and discuss new construction prices.

What does the demographics look like, is there new construction, what's the average revenu in that market/zip code, Price-to-rent ratio, average price per asset you are looking (example SFH), average rent, etc.