To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Quote from @Jay Hinrichs: we are seeing that in our sub market in PDX title company puts out market data each week and there is a speedometer type presentation  showing seller market to buyer market and for the first time since the crash we see the market has slipped below the line that de-marks seller market and buyer market.. still says slightly seller advantage and I think the only reason is there is still very little inventory.

Due to discrimination laws, we select the first qualified tenant.

Depending on the direction you want to take or your overall investment goals, this would allow you to scale up your portfolio more easily, using the tax to your advantage.

Each market is being impacted differently right now.Switching to flips is interesting, not something I've considered doing and figured it may not be advantageous in the current market due to cost.

Taking advantage of lower downpayment for owner occupied properties 

I have several friends/clients that have taken advantage of the STR "loophole" that began to Phase out during the Biden administration, so this is music to my ears if true.

At least for several months or years until you network your way to one of the "1st tier" handymen - and then don't blow it.Your challenge will be NOT getting taken advantage of by larger companies that "overcharge" and the hacks that take forever and never comeback to finish - but have great excuses.

And if you want to get into value add projects then boot strap and swing a hammer yourself :)Investors will often use a 1031 exchange in their BRRRR strategy to take advantage of those tax dollars, making it easier to scale their portfolio and continue that process until they decide to retire completely passive.

As investors, it's important to choose the right areas to buy in and tenant selection is of the utmost importance.