I’m thinking about going with them as well.

Hopefully, this first investment will launch our journey in real estate.Here are some criteria we have in mind:Not in downtown SacramentoClass C+ or B location, since we will be living in one unit (we just want a safe location)Units with shared walls, not ceilingsSeparately meteredFairly renovated or well-maintained (not a fixer-upper, but if one unit is renovated and the others need some work, we would love the experience of fixing and renovating)Can you think of any other factors we should consider?

Well priced properties still get jumped on pretty quickly - we have a smart pool of local and of out of state investors.

check out Bilco company egress window wells on google, the things are coolhttps://www.bilco.com/category293/Egress_Window_Wells

Perhaps this is an extreme case to use as an example but I am using this to illustrate a point which is this neighborhood like many others in the country would be well served by finding the correct balance between zoning laws and ease of doing business.

Plus, you continue to build appreciation through mortgage pay down, as well as market appreciation as well.Timing is up to you… now if your potential new investment will cover the higher interest rates you see today.  

This is not to deride a program like AppFolio, which is well-suited to small companies (under 100 units or so).

I've owned rentals in the East Bay, as well as out of state in OH and TX. 

Ive been self employeed most of my adult life and have done very well for myself.

And if the PMC manages the on-site staff, does that include hiring and firing as well?