You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

List it on AirBNB and VRBO and use the built in tools.

Tenants start a maintenance work order, then want someone to come on a Sunday at 7pm for the service call.Warranty companies are also notorious for built-in system delays.- How do you think they make money?

Thanks. because existing is super messy and lower returns for general contractors and HIC, I'd recommend looking at new construction too. start to finish 120 days right now on 1-3 family is what our market is going for high volume spec homes that have been built before. 

I stand corrected:)They do have an office in Metro Detroit and while we're far from perfect, we seem to get a lot of their unhappy previous clients.In our opinion, they built a system for Class A rentals - where tenants have 680+ credit scores and rarely have to be evicted or trash properties.They then tried to apply their processes to Class B & C rentals and that's when their service issues increased.All this caused them to recently significantly increase their Flat Fee pricing and monthly minimum charges.

I know mobile homes can sometimes need more work than a stick built home.

They built a pole barn structure, air conditioned it, strung up some lights and trendy decor and host baby showers or weddings almost every weekend. 

Pace has built multiple income streams that appear to be helping investors, but are really designed to make money for him.

Second issue is that it would be really difficult to cash flow, while paying both notes, especially with one lender in second position (which would most likely have a higher rate, plus points to offset their risk.)Now if you got the property under contract for 75% of the market value, which means you would have built in equity, and willing to personally guarantee (full recourse) then yea it may work out.If it's a good enough deal then you could even bring in an equity partner. 50 percent of a great deal is better than 100% of no deal.Cheers! 

I smmsssuming vacancy is built into your $10kmonth.