If it's instead that you have 300k to spend and the house is paid off and with social security or other retirement you eek by then I would think about if I want to do that or not.I get it that people want peace of mind but I think that comes more from a recurring income stream.Can you imagine having 100k,200k, 500k a year coming in from investments and you only live off of 70k??

Question 2: Does the management company pay the recurring (mortgage, insurance, taxes, fines, etc) out of the management account, or must the management company transfer funds to the owning entity and then a check is cut from the owning entities account?

If you start working with them and find you can't manage their business style 2 months down the road on a 3 month rehab that last month can feel quite long while the weeks go by quickly.You'll get over your anxiety and excitement after some time.

Believe it or not, these overbroad assignments have become a recurring problem.

If you're new to buying paper, check out Gordon Moss' book, Performance Anxiety which is an introduction to the topic of buying non-performing paper.  

The math I've done for G) is below:Assuming MIP and property tax are included in 50 % rule, it seems I should aim for a mortgage of about 210,0003 units at 850=2550Assume 1275 for operating expenses (vacancy, evictions, utilities, advertising, tenant damage above security deposit, mortgage insurance, property taxes, regular insurance, repairs when things break down, etc...)Assume 1275 to go toward the mortgageAssume 6% mortgage at 30 years with a 210,000 loan=1259 monthlyIf we assume that MIPs are NOT included (but property taxes are) it seems I should aim for a mortgage of about 180,0003 units at 850=2550Assume 1275 for operating expenses (vacancy, evictions, utilities, advertising, tenant damage above security deposit, regular insurance, property taxes, repairs when things break down, etc... bot NOT MIP's)Assume 1275 for both the mortgage and the mortgage insuranceMonthly MIP 195 (Annual 1.3%-2340)Assume 6% mortgage at 30 years with a 180,000 loan= 1080 Monthly recurring total for Mortgage and MIP=1275Does the math seem to be somewhat on point?

Here's whyThe good:I can set up recurring reminders for them to pay.

I put a high value on recurring passive income, whereas I put a much lesser value on larger cash flows that only come once (like building to sell).

Maybe he just values the recurring cash flow too highly and thus not rationally for any time value of money calculations with market rates to work out.  

Perhaps that's my own anxiety speaking, but given the relatively few showings that seems to be reflected at least in part in reality.If I choose to go exclusive with an agent, do you have any recommendations on picking one in particular?