If you have a reserve of $6,000 for one property, your annual cash flow could still be hit hard by a bad tenant, or the combination of a bad tenant and a failed furnace.I'm curious how you manage to spend 4-6 hours per day on real estate.

You are making a common mistake of failing to set a deadline.When I want a response from my tenant, I set a deadline and a consequence for failing to respond."

Nothing fails like success.

Granted the annual fail rate is already about 90%, it's easy enough to earn a couple bucks to keep the next crop of hopefuls coming in every year to replace last year's failures. 

Leave a message with the apartment complex and the collection agency and be clear and concise that they have incorectly damaged your credit and you will hold them liable for damages for a failed real estate transaction. 

If you are starting out investing in real estate, you will have a lot less chance of failing by keeping your eyes on your investment.

Many people have tried this ploy before to SPAM the site and have failed as you have.Please don't be manipulative.

But if you browse the forums, you will actually see many, many posts from California investors that bought a random property at a "low" price point... and then totally failed to meet their expectations.and to reiterate: if you buy something turnkey, you will not cashflow for several years. 

And, should we be a little more tough on the folks who are in the same position but raising EVEN MORE capital to double down on failing investments?

When I purchase a new rental, I always change out the valves for the toilets and faucets with upgraded valves that are less likely to fail.