Hello Biggerpockets,I need help selecting my first property management company.

I look at it like 20k or so minimum then maybe 2500 to 5k a door up to a certain amount.better to be safe than sorry and its not like the money is spent its in your account and you could do very short term investmetns with it as well.. like short term lending. ( carefully)Most investors that run into trouble are simply undercapitalized have too much debt and when they have a bad day they can't get their units up and running and it becomes a cascading effect.

We didn't hire a PM just to gain the experience as a landlord, funny enough the tenant who we selected is a property manager (really great tenant so far).

A select few efficient households live the same lifestyle as the 100k people by spending half more efficiently.

Just remember that you will eventually get by with something else but remember who is involved and how that will effect them?  

Not only was the creative renovation cost effective but higher rents were achievable for more desirable office space.

And what I found from experience is that since these properties are so much alike the 1% rule is a very effective way to take a quick stab at evaluating if they will fit my cash flow goals. 

By law your tenant selection process should not be effected by these things. 

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Looking to the near and mid future I see interest rates going up which should have a negative effect on real estate prices, as investors that don't want to be in real estate can invest in something more liquid bonds etc.