There are plenty of investors who are in a financially strong position to self-insure their properties completely, take on much larger deductibles, or eliminate certain coverages from their policy in an effort to drive down their insurance costs. 

But it does drive me nuts when I am standing in front of one of new builds and the boys are having lunch and then just drop their drink and the bag and wrappers on the ground where they are standing and walk away.. then I come up and pick it up and tell them what the F guys some dont speak english.. but they get the drift when I am staring at them Of course many dont realize also I am the owner LOL..

And growing a thicker skin if you're going to be a slumlord.On The Other Hand, this is a business and if the OP does not feel comfortable with a certain tenant - for any reason really - he needs to remove them, Especially if it is a month-to-month situation, it's awfully easy to do.On The Other Other Hand, I would examine my motives and suspicions very carefully before proceeding....

We live in Tacoma and it is a drive but growing.

I am always on guard in the city , I drive a 2004 Ford truck when I do have to go in , and I dress like I dont have a dime to my name .

They will also examine property rent rolls, leases, and expenses to verify the property fits their DSCR requirements. 

By offering them control over key areas of management, you're giving them the reins to drive profitability, while you focus on gaining invaluable experience and building your own capabilities.It's a win-win situation - they get reassurance about the property's profitability and you get the benefit of their experience to hone your skills.Keep pushing forward and best of luck on your journey!

The issue is Calumet City is a good 45 minute drive south of Chicago and North Chicago is actually about an hour drive north of Chicago (talk about false advertising).

However, considering gross monthly income and operational expenses, I'm looking for strategies or types of properties that can provide a better net ROI.Here are some key points:Location: At least a C neighborhood that is safe for driving around at all hours.Cashflow: Investments that can deliver superior cash flow.Involvement: I have the time and willingness to handle maintenance and operational activities myself.

My point that I am trying to drive home is that most lenders are within a pretty tight shot group, and I would rather pay $500 - $1000 more for better advice, better service, better follow up, better communication etc.