Some go as far as saying that if you’re evicting frequently, something is broken upstream, either in underwriting, screening, or tenant relations.So here’s what I’d love to pick your brains on: Do you see eviction as a necessary cost of doing business, or do you think there are better ways to prevent it altogether?

Yes, in theory a person can make CRAZY $$$$, and some absolutely do. 

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

Firstly, becoming a multifamily agent is a fantastic way to learn the business first hand while making some cash in the process.

The first is having a personal portfolio of 5 passive rental properties, not including my residence.

Using a smaller bank or credit union is the way to go.Being that you have been in business for 10 years I am VERY surprised your business banker can't help you!

I purchase the land from a local jeweler who I tracked down at his business and asked he was interested in selling.

instead, why not find a market 1-2 hours away where you can be hands-on / in-person?

Quote from @Michael K Gallagher: Quote from @A Rao: I invest in land and have done entitlement/zoning and other DD work successfully for years.A broker called me this morning on a property I have on a busy interesection and has a QSR client who likes the location, but does not want to do a ground lease, only a build to suit. 

I’d recommend checking local investor groups or networking with other landlords in Memphis to get recommendations for more competitive options.One company I’d personally recommend looking into is RiverTown Realty.