Welcome to BP community @April W.  It

You can get accused of discrimination, but all you really need is a set of pre-written screening criteria and also questions you ask every potential applicant. 

If it's an older building, you could be on the hook for capital improvements down the road (I've witnessed firsthand). 

Thanks to the forums I get to witness things actually happen to let me know that it can be done without paying some guru thousands of dollars just to teach you the ropes.

If you've got multiple rentals, you can be accused of discrimination if you're not consistent across all rentals. 

What we are witnessing here is the outcome the lack of due diligence. 

I can't remember who it was that said, "The ability to quote is a fine substitute for wit", but thank goodness for great people I can quote anyway :wink: Your post reminds me of another quotation:" What work I have done I have done, because it has been play.

Those people will get out all together (some taking losses but most realizing nice gains) and get back into a more "texbook" diversified approach (until something esle gets hot).Investors that know and believe in RE for the long term will shift their focus but stay w/ it.

See how you can help each other and benefit from dealing wit others locally.

I don't see how Mike M could agree with me that the expenses are 45% to 50% and then accuse me of having an agenda to make sure that investors, especially newbies, overestimate their expenses.