(Couldn’t really afford the place, didn’t have good enough credit to be worried about an eviction, etc etc..)2) They should have posted a 5-7-10 (depending on local laws) to “pay or quit” as soon as the ent was late and started eviction.

Affordable housing is still a hot topic.

. $100,000 is definitely enough to acquire a long-term rental in Montgomery—it’s one of the most affordable markets in Alabama, after all.As for your concern about being unable to lease the property out, I imagine you’ll be fine.

Three beers and six hours of folding can not be my life if I want to get to my ideal volume which would be around 1-2k per month once I'm able to afford the list and the postage. 

Vetted the investors so that it was reasonable to belief that each investor understood the risks and could afford to lose their investment3.

Besides my current rent, I still have to pay an additional $1~2000 for the mortgage, etc.Pros:Better financing rates than for investment propertiescan manage it myself to save the PM feehaving my own place without worrying about rent increasesCons:May only afford a small townhome or apartment, not sure if I still want to live there after 5 yearOption 2: Investing in Out-of-State Multifamily PropertiesI could use my cash to invest in several multifamily properties out of state and use the cash flow to cover my rent.Pros:Potential to spread risk across multiple propertiesThe cashflow can cover my rent, maybe have extra leftCons:Additional costs for property managementLimited potential for appreciationHave no experience in managing OOS property, and I am afraid it will be annoyingI’d love to hear your thoughts or any advice you might have.

Quote from @Henry T.: Sorry to say so after the fact, but you need to learn some landlording basics.Never give the keys to anyone without a proper signed lease. 

If you get to a pound t where it's a C grade rental or better you can start to get decent management. 

Its not bad if you can afford it.

Stessa had some features I didn't;t need and ultimately I also wanted tax features.