First, Are you licensed and insured to manage other people's properties?

House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an area 

Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes. 

@Tyler DavisUsing Locations in QuickBooks can get tricky, especially when managing multiple properties.

I occasionally get requests to manage commercial and love to have a referral source. 

It's best to have a house manager.

* What is your average rent amount for all properties managed?

Who is obligated to make the payments.

If you love property management and want to start a business keep looking into it.Otherwise keep buying income producing properties to generate wealth.

So, I would have a discussion with the offending neighbor and remind them of their obligations under the lease.