EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

The "what’s the best way to invest in real estate” question always takes me out!

Just curious if they actually do anything more than just paint and maybe new floors.Also, if their management is poor, but the properties are pretty good, has anyone here that owns any of their properties, just dropped them as PM and found a better PM to take over?

.- To add on to what @Sarita Scherpereel said you are still taking a risk with the city on the nonconforming unit even if you get the loan

I checked with a couple of  architects, both of them preferred to take a bigger project.

Contrary to how youtubers glorify the profits, property-flipping is essentially a value-add/opportunistic strategy and the key risks you, as the investor, are taking are 1) asset prices, i.e., how well will the market be when you sell the property, and 2) capital expenditures, i.e., can you financially efficiently improve the asset to the end users (renters or users).

I have seen many get completely ripped off and worse, contractor takes the money and poof their gone.

Which most buyers take standard numbers they see that aren't accurate for their area of the city or the property they are buyer. 

I am new to the investment game although  i have listened, studied and taking courses for years.

You can specify blackout dates when the property is not available for rent if you wish to use it personally during certain times of the year.Legal and Regulatory Compliance: The management firm will ensure that the property complies with local laws and regulations concerning rental properties, including obtaining any necessary permits and adhering to zoning laws.Maintenance and Repairs: Property management firms often take care of routine maintenance and emergency repairs, ensuring the property is well-maintained and ready for tenants or guests.This arrangement allows you to enjoy your second home for part of the year and generate rental income when you're not using it, with minimal effort on your part.