Its not a warm, blooded person like you or me who can move around the 50 states and maintain our rights. 

You're going to have a harder time finding a decent property manager to handle them because it's not worth the hassle for most unless you've got serious volume.The problem is you can't really put a new investor in a submarket like Montrose, Midtown, Heights either as the returns are slow low they're going to be bleeding.Though I guess it's better to bleed cash by buying overpriced stuff in Montrose, then to bleed actual blood by buying value properties in 3rd ward.I'm buying some stuff in Montrose later this week (3 buildings, 46 units) and I can't believe the price. 

Sometimes it will be disgusting rotten food, and worse.For the damage, take it out of their security deposit and if they are Section-8 report the damage to Section-8.For the missing rent money--can't get blood from a stone--try to find better renters--long term employed renters -- if you can.Good Luck! 

There is a point where you cant draw blood from stone, but an asset holder has assets that can be acted upon. 

Buying/selling is in my blood.

I have increased requirements for three or more unrelated individuals.If people are related by blood or marriage, they are far less likely to separate or have problems that roommates experience.

Generally, private money is cheaper, but also has more of a potential of creating bad blood with a friend, etc.

Warren Buffett says to, "Buy when there is Blood in the Streets."

They also allow co-signers who are related by blood.

If three or more unrelated (by blood or marriage) people want to rent together, each individual must make a minimum of 2x the rent and have a credit score over 700.