We had a wash & fold service with pickup & delivery, which added complexity to the operation.

What should I do if my tenant isn't paying rent?""

We own two beach houses in ocean lakes and they average around 50-70k/ea depending on economy etc. you couldnt pay me to buy a condo in nmb or mb right now

After I make those payments then my lease with them is for $5,250 for 12 months where they pay all of the utilities.

I do not have 5 layers of management that make my rates higher, no lender I work with pays for my office space, licensing, benefits, marketing department, compliance department.... 

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

You also only pay interest on the amount you use.

They're pressuring their investor-clients to pay for their sins with change orders and/or escalations, or escalations disguised as change orders.

Add that to about $25K tax for the depreciation recapture, that would be paying a total of $70K in tax if they do the 1031 exchange. 

I would love to meet any real players in the area who would love to pay it forward and help someone green like myself.