It's not rocket science, but it takes the right personality to handle it and enjoy it.  

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

@John Cooper find an experienced landlord-tenant attorney for their input and potentially handling your eviction.

Long story short.. they inflated rent projections, sliced corners on property management, and almost left him holding the bag when the actual numbers came in.Vetting a syndicate means getting cozy with the sponsor’s track record, verifying their underwriting approach, and understanding whether they’ve handled rough waters before.

I have not been a fan of the larger property management companies who heavily market without a focus on the local markets they handle.

Just hope my wife and I can handle this.

I also added one other habitat which I am very excited about, but have not started to implement yet...I would like to do it once a day, but I think I will start out with a once-a-week video journal entry!

To Chris' point, you can find lower options if you handle some of the management responsibilities.

MF with many garages to convert to ADUs, parcel splits, full on development, coop/tic with the resources to handle financing challenges, etc.To raise money in this market as a newby will also be challenging unless you can get it from friends and family.

I would still be buying more SFH but 5 years ago the entry was about $100K.