You'll want a PMC that will check on the property monthly or even weekly, to keep the college students obeying the rules.This management may cost a bit more, but is well worth it!

Since most subscription are auto renew, it's difficult to prevent an unwanted renewal and you're stuck trying to get your money back.What I have learned to doMy credit card allows me to make a temporary one use credit card number for just such a situation. 

I suspect the lien of the judgment could be transfer to a bond posted with the clerk of the court. 

The value-add versions of these properties do not hit very often, and sometimes the rehab work is not light and cosmetic.

Hi @Roy Hill, welcome to the community!

I was just trying to give an example of getting the numbers you mentioned and what it took.

build it instead of buying it. especially in the 5-50 range you are going to get garbage that's 80-120 years old in c neighborhoods. i can find land in almost any zip code and make the numbers work in columbus. or partner on a project locally. just my 2 cents but build to rent is much stronger right now in my opinion in columbus than buying existing assets 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

You mean $100-120K “all in” or just purchase price?

The list goes on.