While there are a lot of fat cats living high on the hog on their ill-gotten gains from this fiasco, many of those dollars that aren't getting repaid do ultimately belong to just like you and me.

The US does not have an absolute Freedom of Speech, ie. you cannot yell FIRE in a crowded theater, you cannot make threats against a high profile person, you cannot blackmail someone, etc...Morally, you should never use TRUTH as a WEAPON (telling someone they are fat just to be hurtful).

It says to go LONG on Pork Bellies and Pork Barrels!

Now if the deal is fat enough go get some transactional funding it but just know theres a cost for it.

The level of management needed will depend on the age of the property and what type of repairs have been completed along the way.If you buy a property with deferred maintenance getting it turned around the first 6 months will take a ton of time.A manager should be compensated for the extra work in that case.A 10% fee simply will not cover or make worthwhile all the work involved.There will be eviction,court dates,trash outs,re-conditioning,advertising,tenant apps with criminal and credit check,ongoing repairs with tenants that are staying,etc.For all of you that want to manage other people's properties you need to check with your state's real estate commission.In many states including mine you will have to hold a license with a brokerage or be a broker.Some exceptions is if you are an employee of the company etc.I think often times investors have a high expectancy of PM work.Simply it's like owning a restaurant and having an 8 hr worker.To expect that worker to be just as excited and diligent about the business when they get nothing but a small check is a pipe dream.If I pay 100 for a steak then I demand service.If I go through the drive in at Taco Bell I expect the food to be correct and nothing else.Managing 100 properties yourself without help is the exception and not the rule.This is based on my experience dealing with apartment owners.One had about 210 units over 10 buildings all within a few miles of each other.Vintage stock and unit mix was all different ages.They ran it themselves BUT had a full time leasing manager,bookkeeper,and about 3 maintenance guys.There is no way without the help they could run them selves.I have seen basically one person locally could handle up to about a 20 to 30 unit by themselves.After that it becomes really difficult.Many investors buying in this range are not purchasing a new building.These are older buildings that need constant upkeep and have problems.Typically the mechanicals,plumbing,electrical all start failing at different intervals.I have a 20 unit and have a live in PM.It lets me focus on my real estate deals and I check in with them every 2 days or so to see how things are going.I don't want to do 10 hr work when I can make hundreds per hour selling real estate for my clients.If you want to invest out of state you could do triple net leases for mail box money.The CAP is about 7 to 8% where I am at right now.If you want higher returns then usually you have to take on more problems and risk.

Most of my offers get a big fat rejection, but some of them get accepted, and that's what keeps me coming back for more.

but now I feel like a big fat dummy :)

My fat @ss can't run that fast LOL!!

even though there are no renters at this time.There is two chimneys but there is no fireplace in either side, so I assume it must have been for something as a pot bellied stove but there is also gas service that was used for a wall mounted heater.I can either purchase at my option price and sell to an fixer uper at a decent price or maybe purchase and hold but am concerned with the electric service in that it appears to the meters were 100 amp meters and usually now we see 200 amp meters.

I always loved that "insult" comeback.Tell your Realtor "That's not an insult that's just a number, if I call you fat and ugly, that's an insult !!!