It's embarrassing to get a call from a tenant about a foreclosure notice being posted on their door. - Due to all the EXTRA handlholding with the tenants in these circumstances, we either terminate our management or require a higher monthly fee from owner.If you are a PMC reading this and you do NOT have these checks in place for new clients - the market slowdown is going to cause you a ton of headaches with desperate owners dumping their problem properties on you.

House hacking a duplex is a great way to start scaling your portfolio to more doors.

But you might have to be more creative than investing in 50 doors of section 8 rentals. 

My clients with hundreds of doors use data to cull out the lowest performers and give someone else a shot at making them more profitable.

I'm skeptical. in most markets section 8 only allows one year leases.. and in my experience with 200 plus section 8 doors tenants move every 18 months they trash one house then go find another freshly rehabbed one.. of course each market will be different..

Door knocking and sit down negotiation How did you finance this deal?

Door-knocking is on my radar, but if there’s an efficient workaround for reaching out to expireds, I’d love to know!

House goes into LLC, but if you still have leases outstanding signed by you personally, that can open the door to maintain personal liability.  

While looking at a unit next door (MLS), I met the owner of this unit by chance and started talking.

@Kitty Walker- As an investor, I've refinanced multiple Padsplits and co-living properties (where we go direct to tenant without Padsplit), and I generally agree with your last statement, with some caveats:- if the renovation is done well, the appraiser may not even say anything that would indicate it is an "abnormal" SFR (has happened multiple times with me)-the investor may be wise not to make the house crazy- just leave a nice open living room, put double doors on the dining room so it can function as a bedroom now but be easy to convert later, etc.