I would also consider looking into Columbus OH as it has great rents compared to prices along with high appreciation.

So studying homes, comparables, and neighborhoods to determine for each property a price that would make a profitable flip is what I'm doing right now in #richmond #virginia.

Compared to the bay area, you can find almost or actually cash flow rentals in this area much easier, and compare to some mid west regions, you can find more appreciation in this area.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I went through a pretty extensive interview with a lot of PM companies and used a spreadsheet to compare before deciding on one.The other thing to make sure you are budgeting for is contract services.

These things are nothing in general compared to what most of see over a 50-page report.

He is probably a better bet b/c he isn't going to lose that compared to someone who has a job today, and doesn't tomorrow.  

Yes, this happens when you close without doing your due diligence and doing an OPRA request on the property and comparing any permits pulled and closed (or not pulled) to obvious work done on the home.

So it just adds another element that does not benefit the investor.. 

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.