In my experience hiring a property manager is worth it for exactly this reason.

He was also featured on the local news station for his innovative work.The tenant is of course taking no responsibility for any of his actions or the damage, and he mainly just throws out empty and somewhat comical threats about a team of lawyers on standby, accusations of insurance fraud, and leaving bad reviews for the property manager. I

I don't use a property manager. I

As you pay down the principal the portion of your payment attributable to interest will decrease. 

I am willing to do a bit of rehab if my agent can recommend a reliable contractor out there as well as a property manager. I

Thanks Winslow for the informative post.I would think that one could find the house managers from the pool of recovering addicts, and could potentially pay a part profit from the rentals, so the manager is getting free room and board, and some income.

And, if you’re not in a place to build that network yourself, working with a good property manager is probably the way to go.Hope that helps!

There are certainly many hidden opportunities here, and having boots on the ground along with a great property manager is essential.For your first property, I recommend looking for something that will provide consistent cash flow and require low maintenance for at least the next 5-10 years.

Yes, but you can only use bonus depreciation on the portion of the value of the property that isn't attributed to the value that came from the exchanged property. 

Hello, looking for some advice as a new property manager. I