I have just read a book about this, and a business owner spoke about his employees who would take "multiple taxi trips in one day" or "dine at the most expensive restaurants even when alone" its just something that will happen.

Are you looking at turn-key investment or do you plan to purchase and rehab?

Hi Kristin in Chicago, Illinois-I am sorry one of your rentals has been vacant for a couple of months going on three months and you are concerned your property manager is not representing the property well and their criteria for screening tenants may be too stringent for the area.This can be an expensive learning curve as you have holding costs and may even have to pay one month's rent to the property manager to get it leased.I had nearly the same thing happen to me.

How much rent are you getting and are you planning to buy more properties?

Hopefully, not an expensive tenant or Fair Housing lawsuit.100% of what @Travis Biziorek states is true, but he left out a key fact - he lived in the Detroit area when he started investing here, so was able to self-manage and meet everyone he had to hire face-to-face.

and i know that that there’s risk involved, so ill always be prepared for things not going according to plan. and i think starting small and gaining knowledge and experience over time is key. 

Despite the challenges, the project was a success, proving that well-planned investments can lead to significant profits.

The checking account can act as the home for the funds until you deploy the money into and investment, then all expenses and returns flow from and into that checking account that you control. 

Yeah that sounds like a good plan!

No problems and wasn't too expensive.