Some investors may choose to mange their own rental properties.

Unfortunately Bill has not only bought a dog, but he bought one with fleas, mange and bad breath :-)

You have to have a third party mange the money. if you buy real estate with it you have to have a management company manage the property.

hello everyone, I'm having similar problems that I can relate too. my duplex doesn't have split utilities and so I have the temp set at 73.0 degrees. while one of the tenants claims to still be cold she continues to plug up space heater which in turn trips the breaker. then a call is placed to the good old mange yourself landlord. oh that me right, right, to come and reset te breaker.

@Ray Harrell he will need to get his real estate license then if he wants to mange properties , collect rent and lease it. 

You can outsource everything except the communication and still self mange with very little time.

Thanks for your reply ScottFicek.Is manging the properties a full time job?

If you can mange to buy something on East Oahu or Windward side would be the best option as appreciation and properties values are strongest there.If you're looking to flip homes you'll need to focus on reaching off MLS deals/ buy with cash. 99% of properties listed on the MLS are at market value.

If you purchase a property and inherit tenants its important that you have a already have system in place for how you are going to mange those tenants and let them know what the new rules and processes are up front.

Investors who reside or buy property in California, and even those belonging to a multi-member LLCs with a manging member in California may be liable for the franchise tax.