It's catastrophic and your "friend" should immediately be removed from all of your social media and cut out of your life.Any time someone says it's a good idea, they are pitching you.

So, owners mistakenly think price is the only differentiator – and look for a PMC like they’d shop for groceries☹We encourage you to learn from the mistakes of others by reading posts here on BiggerPockets from owners that picked a PMC solely by price and regretted it.We recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Even if someone gives you a referral, do NOT make the mistake of assuming that just because a PMC met their expectations, they’ll meet your expectations.

It's so hard to tell if anything is real anymore that is posted on FB and social media, with so many RE "gurus" looking to make a buck. 

Other tenants that we have had were seniors on fixed income such as Social Security or pensions.

Since you already know how to position properties to renters on Facebook Marketplace, you could apply that same creativity toward listing strategy and social buzz around flips.If you’re looking to get involved hands-on, you might consider:Partnering with a local flipper to help market one of their projects (great way to learn the numbers and process without taking all the risk).Sitting in on open houses and noting what questions buyers ask most often — it’ll give you insight into what features matter in your market.Starting small by networking with wholesalers and rehabbers in Denver so you can see what types of properties are moving and why.Flipping has a steep learning curve, but with your background in marketing, you’re already ahead in one of the toughest parts: getting eyes on the property when it’s ready to sell.Looking forward to seeing how you dive into this side of the business!

I have just a few thoughts on the next steps for you from both a practical and tax perspective:Start with education + mindset: The BiggerPockets Podcast is great, but also consider joining live webinars with real investors, newsletters, and following trusted social media accounts that keep you updated on market trends, tax strategies, and financing opportunities.

You can reach thousands of people for less than a bench ad today with social media and internet marketing.

So, owners mistakenly think price is the only differentiator – and look for a PMC like they’d shop for groceries☹We encourage you to learn from the mistakes of others by reading posts here on BiggerPockets from owners that picked a PMC solely by price and regretted it.We recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Even if someone gives you a referral, do NOT make the mistake of assuming that just because a PMC met their expectations, they’ll meet your expectations.

You have competing considerations of income tax, gift tax, estate tax, and property tax all at once, plus more general considerations about loans, equity, impact on Social Security, etc. 

Share the listing on local community boards, social media groups, or neighborhood newsletters.