Validate your footprint and NRSF first.  

A million total dollars used is next to nothing right now, experience-wise, so you are asking people to invest in something that is fairly new and in an asset class that has been headlined widely as doomed.

At first, I struggled with this concept with internal questions like: "Why are they paying me 15% when they are already paying me to manage the property?"

Nighttime security guard at a large complex in a Class B area.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

I was wondering how people do classing for MF properties.

Should my wife and I buy our first investment property in Mount Shasta, CA or Columbus, OH. 

The you simply restart the process by being your own bank and reaping the benefit of getting the best deal since its an all cash offer.Even if you do have a great rate on the first its holding you hostage on your equity and there is a way to beat the rates so you pay less.  

First, we invested $25,000 in targeted repairs and renovations to enhance the property's appeal and functionality.

The first test will be do they show to do the estimate....