There is a lot of fact.The investor's lifestyle choices has much to do with how well passive income can serve them.For example 5k/mo passive income may not do much in California but may be more than enough if they relocated to a country with a lower cost of living, spent less than they earned and continued to invest the change.great perspective on your part!

They use an eviction service for serving the tenant and coordinating with the courts.

Its not mailbox money but if you are willing to do the work there are plenty of markets that are under-served (despite the myth that the whole industry is overbuilt: bear in mind that this business is one that markets to a 3-5 mile radius so a market that is overbuilt could be as little as 10-20 miles from a market that is grossly under-served).

I've never been evicted nor have I ever had to evict anyone so I'm unfamiliar with the process.At the very least, someone with this on their record was served an eviction notice, right? 

I'll show up to the mortgage foreclosure auction either way and see if they show and what they bid.My theory about what might have happened was that the foreclosure wasn't going through the courts because the guy disappeared off the face of earth and hadn't been served the papers after several attempts. 

I own a cloud-based bookkeeping firm that specializes in serving real estate investors all over the U.S.

As long as both owners are notified and served with the foreclosure, then the entire title should transfer to the buyer.  

You could also partner with a money partner, while you serve as the General Partner, responsible for operations and management.

I am just starting my REI journey so I cannot speak from personal experience on what I have done, but I used to practice corporate law and a LLC definitely serves a purpose.One thing I have not seen mentioned (though I might have missed it) is that you have to be careful not to co-mingle personal assets and you must treat the LLC as a truly separate entity.

Does anyone know any reputable assisted living management companies that serve NJ or Philadephia?