But when you write “scale quickly” alarm bells go off in my head. 

@Mike ReynoldsYou hit the nail on the head in that seller financing would fall under the non-recourse loan category; therefore, UDFI would not apply.

I would rent yourself because; you are local and you know the area well.PM's are great for out of state investors or investors with large portfolios who have very limited time and resourcesUnfortunately, You nailed it on the head with "managing the manager..."

We know they’re hard working and would like to continue working with them rather than move toward foreclosure, but we know they’re in over their heads if we continue under the current terms of the mortgage and don’t want to set them up for failure. 

In my head, the lock smith was just going to open the door for her. 

Heads up, everyone: Dave Meyer and Henry Washington answered Alex's question during yesterday's episode of the BiggerPockets Real Estate Podcast: How to Buy Multiple Rental Properties a Year (Is It Possible?)

It's a competitive market and most of the people that get in trouble here are ones that buy blindly without actually figuring out the numbers, etc.You'd be surprised the number of times I get asked after month one if their electric bill of $xxx or whatever is normal, and the thought running through my head is "how did you not  check things like that before you committed half a million dollars to something?"

If we were heading for a crash, prices wouldn’t be holding steady like that.Now, let me tell you from my own experience—I own 32 properties, and here’s how things have played out:15 have dropped about 20% in value (mostly in areas where demand cooled off).10 have stayed flat, meaning no loss or gain.7 have actually gone up in price, which proves that not everything is crashing—some pockets are still appreciating.And I don’t touch condos.

Even when I was younger, I understood that it could be a great way to achieve financial freedom, retire early, and live without the stress of money constantly hanging over my head.

Cleaning up our work area, I remembered what my old co-worker once told me on the construction site "There are 3 ways a job gets done: One way in our head, another way planned out, and how the job actually goes."