@James LuctamarIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING. our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Since the start of the year, I've read a handful of BP books:- Rental Property Investing (Brandon Turner)- How to Invest in Real Estate (Brandon Turner/Josh Dorkin)- Investing in Real Estate with No (and Low) Money Down (Brandon Turner)- BRRRR (David Greene)- Multifamily Millionaire Volume 1 (Brandon Turner/Brian Murray)- Start with Strategy (Dave Meyer), currently readingI was thinking of using the equity to BRRRR small multifamily properties and combine some concepts from both the BRRRR and Multifamily Millionaire books (specifically making cash offers via HELOC to secure distressed properties, ideally vacant to set market rents).

This experience emphasiz What made you interested in investing in this type of deal?

Read as many RE books as you can get your hands on.

Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingBest of luck on your REI journey.

How are you planning on flipping out-of-state with no experience?

a) You should say where you are if you want specific advice.b) The only work-around you'll get if you sneak around any Planning Dept is a hefty fine (in my experience)

Based on my personal experience, owners seems to evaluate two primary cost criteria when comparing PM's, the monthly fee and the placement / leasing fee.  

Let me tell you a story about a property tour that taught me some important lessons. I was a newcomer to the real estate industry and was still establishing my footing. 👀We stumbled on a property being sold directly b...

🚩 Just read the disclosure.