I find in these locks that there is too much possibility of a deadbolt not cycling all the way, or if there is a slight bit of tension on the deadbolt from temperature swelling or what have you, then it wears out the battery and motor faster.  

Once 6-12 months have passed, depending upon the loan program, you should be able to refinance it to bleed some of the "instant equity" out.

I guess this had to happen.10 years from know these places will be worth more than what they paid, but they are bleeding too much now to survive.It's crazy how low occupancies are right now all over the country. 

Can you imagine a scenario where this does not bleed cash?

@Ian RadcliffeThe BreezyLand Team has been in the land business for 4+ years and does land flipping/wholesaling and minor developments to sell to home builders.We went through all the ups and downs, did mailers, text msgs, cold calling, ringless voice mails, the works - until we had enough of that cash bleeding.

My #1 property management customer are folks just like you - built a spec house, can't sell it, and want to make it an annual rental to stop the bleeding.

REI is just starting to bleed.

I agree with Adam that there's not enough information here to say who is at fault.If you are spending all your income on maintenance after three years, then I would say you are being cheated by the PM or you bought a real dump.Personally, I would suck it up and find an expensive, but reliable, contractor to visit the property with me and make an assessment of what needs to be done to fix the property and stop the bleeding.

Getting them out will at least help to stop the bleeding.

Maybe each board swelled and the pressure all came together in the center.