I cannot communicate with the tenant (except maybe via letter).

It is not a solution you can just throw all your money at to get rich quick.

If you make certain your buyer is pre approved, the documents line up, and you keep good communication, the selling side has never proven to be difficult to me.With that said I agree with @Rick Santasiere in regards to scaling up.

Most of the time I've been taught are that lenders are just people who are willing to get paid as long as you meet their criteria, nothing elseThank you for the feedback everyone, I will try and communicate better the next time I post 

Buyer believes in "Get Rich Quick" ideas that pretend one can build wealth without first sustainably solving the "I spend less than I make" problem. 

You have to now include the extra time spent communicating issues, invoices, etc..with the property owner.Whether you do it or not is not a right or wrong matter, but you need to understand why you are doing it and if the extra cash will be worth your time.We have always turned down the requests to manage other people's properties, because I feel like the amount of money I would receive from managing someone else property would not be worth the time to me.  

Communication with tenants can be done through Google Voice or WhatsApp, and Proper Insurance covers both property and liability.Good luck!

Let the attorney handle all communication, you take notes and keep copies of all the paperwork, and maybe next time you will be ready to try it on your own.

I've been interested in real estate for the past couple years (after reading Rich Dad Poor Dad) and have finally started diving into BP and analyzing deals.

Scenario:A lender had limited communication with the borrower throughout the loan term, resulting in misunderstandings and lack of alignment on project goals and expectations.Mistake:Miscommunication led to issues that could have been addressed early on, contributing to project delays and difficulties in loan repayment.Lesson Learned:Maintain open and regular communication with borrowers.