I felt like checking a little bit more so I ran a proper background check on her and was shocked to find that she has multiple felonies including jail time.

Numbers don't work in Huntsville or Madison proper right now. 

Start by serving proper notice of the management change and request payment details.

Make sure you have properly served the notice and you have "Proof of Service" properly filled out. 

There are a lot of good meetups for real estate investors in the area that would be good to grow your network and learn from others that are and have been in your shoes as a new investor, message me and I can share on some specific monthly meetups.Also sharing some multifamily data, this is Boston proper so it has an interesting trend compared to the rest of Massachusetts.

Again, I primarily work in Portland proper (which, it seems like most of these folks responding aren't aware, is a whole different ballgame than the rest of Oregon). 

Unless you are finding off-market opportunities direct to seller, I can't imagine the deals working on BRRRR.I completely agree that the current market makes BRRRR a much tougher strategy to execute, especially with higher interest rates and tighter margins.

@Heather Bailey When house hacking with a separate rental unit, ensure proper insurance by obtaining landlord or short-term rental coverage tailored for Airbnb activities, in addition to your primary residence policy.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you don't know how to do this properly it can be detrimental.