When I run the numbers based on these rents, the property operates at a negative cash flow.If I increase the studio's rent to $1,400 per month, the property becomes cash-flow positive.

However, it's important to be cautious, as sheriff sales can be risky for inexperienced individuals and may lead to significant financial losses.3 - Referring to point 2.4 - I can provide you with some recommendations for CPAs who are based in Ohio.

They determine this based on a % of Fair Market Rent (FMR).

My partner is based out of Dallas and a lot of our clients are from the surrounding areas.

A quick google search of your state indicates the following regaridng timeline to give notice:30 daysFor tenants who have lived in the property for less than one year, or have a lease for less than one year60 daysFor tenants who have lived in the property for more than one year but less than two years, or have a lease for more than one year but less than two years90 daysFor tenants who have lived in the property for more than two years, or have a lease for at least two yearsI'd definitely touch base with an eviction attorney in your state to ensure you are not missing any steps and to have the attorney as a backup option in case the tenant does not vacate easily.

Hi Chris, there are several options you could consider, but it would all be based on your risk tolerance. 

If you’re looking for simplicity and don’t have the time to be hands-on, the turnkey approach is probably the best option.As for buying one more expensive property in California, I understand the appeal of having a more stable tenant base.

Most turn key companies do have a West coast based marketing company sell their props.

@Michael Darten  Most property management agreements have the monthly PM fees based upon a percentage of rents collected.  

I believe it was said in James Bond movie, Casino Royale "It's not about the money, it's about knowing who you can trust".