The franchise isn't going to let you use their name without knowing there is a high quality operator in place. 

You could wait for a correction that never comes as well or one that isn't as steep as you expect, it is probably better to base your decisions based on the quality of each individual property and its current value.

I am curious to hear what your favorite quality or trait was about the best property manager you have worked with.

They love it because they can pick up cheap properties, and if you aren't married to the idea of a 1 year lease, you can get some really quality tenants that are in town for 3-6 months working on projects and the plants and refineries that are getting paid per-diem.

Tenants are less likely to pay rent or on time, it is harder to find quality tenants, you are more likely dealing with subsidized rents (which is another time suck).

Especially developers, rehabbers, the types that take old dilapidated properties and fix them nice.Also bad tenants (gangs, hoarders, the types that party all day and don't keep neighborhood clean stay FOREVER)  This is why the rent controls don't work.

A meeting was had and Sanitation did a major street/Alley cleaning and the cops have have started driving the Alley's more.Don't pay them and don't do anything to antagonize them.  

She could get may be another $120K+ had she wait for vacancy, clean up, bids, remodeling.

@Mitch Messer Thank you so much ..Also looking to clean vacant homes/units for knowledge of understanding the ins/outs of landlording...For instance trading my skill cleaning for landlord understanding education

I love Airbnb, but we are looking to invest in future properties in a less continuously labor intensive way. 3 properties are easy enough for me to clean myself but beyond that, we would need to hire cleaners more regularly and eat into our profit.