With $20k your best bet is to house hack a duplex in one of those areas.

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 bet!

These tenants are so big that obviously you aren't going to get a personal guarantee out of them, but they're also such a safe bet that it's not seen as a big deal.In the smaller range of 3-5 year leases and small businesses, you don't see a lot of NNN, and you see more personal guarantees for the first term of the lease.

A lot of other novice rental owners, hire the cheapest PMC and then get ripped off with add-on charges or just poor service.What do you define as, "special situations only"?

For the record, I have read:- Loopholes of Real Estate by Gary Sutton- Rich Dad Poor Dad by Robert Kiyosaki- Investing in Real Estate with Little to no Money Down by Brandon Turner- Tax Strategies for the Savvy Real Estate Investor by Han & McFarland- The Psychology of Money by Morgan Housel- The Book on Rental Property Investing (first book I've read here) by Brandon Turner- The Millionaire Real Estate Investor by Gary KellerReading has been my biggest source for knowledge and Brandon Turner has become one of my favorite authors now!

I've been interested in real estate for the past couple years (after reading Rich Dad Poor Dad) and have finally started diving into BP and analyzing deals.

Poor service often leads to poor results. 

It's not just about taking a "big" home and chopping it up into 2/3/4 unit's because done wrong, making for poor layout's, you can actually lower a properties revenue potential and strength vs gaining. 

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!