The IRS has a regulation that amounts less than 15K are tax-exempt, of course, this requires you to file a tax return.

This property needed an extreme amount of clean up and haul away of items left behind.

The hearing still took 30 minutes and he wanted to really concentrate on the accidental water charge, that we refunded and wanted to go into the math discrepancies, which amounted to about 40 dollars.  

and... there's still a good amount of competition on those. 

I was blown away by the amount of never responded to emails and communications When you purchased the property did you keep the property manager in place?

But to be fair, I have spent a great amount of time very recently trying to help another professional 20 years in experience ahead of me bail out of a mistake I NEVER would have made.

just to be candid, unless you're using some kind of creative strategy... you need a really solid amount of cash including reserves. 

For us we all typically use 0% business credit cards to furnish the property which can amount to $40-$60k+ depending on how crazy you go. 

Welcome to the community and be ready for a huge amount of information at your finger tips.

@Kevin M Dobyns-Do they provide commercial loans for rentals or buy to live for a certain amount of time then list it as rental?