That’s how I’ve had so much success with STRs - Whenever I’m entering a new market, I just find a couple of properties in that market that are crushing it, and I copy them (while also finding 1 or 2 ways to improve upon their offerings as well)

He should have talked to you about bonus depreciation and how to categorize your expenses and improvements during renovation. 

The whole northeast part of town doesn’t have a lot of promise of improving.

Hopefully a few people will read this and take steps to improve their work practices.

We were just recently able to remove the PMI because we reached 20% equity through making home improvements ourselves.

Only about 0.5% of my renters leave owing more than their deposit will cover and that number continues to drop as I improve my screening and increase deposits for higher-risk applicants.

After you stabilize your currently planned purchase, prepare yourself for the reality that will be selling your condo to purchase another multifamily to greatly improve your returns!

Be sure to let them know that when they add you that the new card will come to them and that you don't want to use it, you just want to benefit from their account to help improve your credit!

Will it improve your financial situation and help you achieve your long term personal and financial goals? 

It is however also time to reflect on why it didn't work out.My personal experience has been that in order for the relationship to work I need to be very clear up-front about what my expectations are e.g. get 3 quotes for every expense above $1k, get my approval for any expense above $350, rent paid by x date, late fees, eviction process etc.If you take time to reflect on how you could improve your odds of success working with a property manager going forward you will be ready to scale when the time comes.