Interested in using my W2 income to purchase small-mid-size multi-family properties in Cincinnati, OH that have value add potential and receive a CoC return of at least 8% once renovated.

Screen hard, document everything, and prioritize tenant stays and pays.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

I've installed tons of new kitchens and baths during occupancy which cuts down turnover time significantly.Also, if you buy a property with existing tenants in place and rents are way below market, I recommend re-screening them as part of signing a new lease.

I use Furnished Finder's MTR booking tools and prefer my guests book through FF so I can have a conversation, run the tenant screening, take a deposit, etc. 

Here's a quick checklist:✅ Determine fair market rent✅ Screen potential tenants✅ Prepare a strong lease agreement✅ Decide whether to self-manage or hire a property manager✅ Make sure your insurance and permits are in placeIf you’re new to this, consider working with a real estate agent or property manager who specializes in rental properties.

The wrong people will cause your business many losses and unfortunately it's hard to trust people nowadays so people screening is so important.

You’ll learn a ton just from managing your first tenants, everything from screening to maintenance to setting the right rent.

What matters are yournumbers once you take over and manage it under your own assumptions.I would ask a local property manager what the average expenses are for a condo of similar size, age, and condition in that area, and what the average rent would be for a comparable unit.

The numbers that matter, are the ones that apply to each property, in the same size range, in the same area (small), with $$$ in front, not %%% in back.