I purchased my first rental property in January now it's raining creating passive income what should be my next step to grow?

For example, I purchased 53 Desert Rain Henderson 89074 back in 2012 for around $150k and it rented for $1,495.

But, sometimes when it rains it pours and a lot of things go wrong at once.

CAP rate vs ROI : https://www.stessa.com/blog/ca...This site uses 50% rule for operating expenses, I've also seen 30-35% used - use your own judgement when calculating, depends on several factors like age of property, type of tenants, weather/location, etc.

Especially in a place like NC where hurricanes and lots of rain can do a lot of damage to a roof in one year.

Especially in a place like NC where hurricanes and lots of rain can do a lot of damage to a roof in one year.

Their judgement proof. 

Then we received a message a few days ago from our property management company notifying us of sink holes large enough for a person to fall into that showed up in the yard after the last rain.

It was a perfect night, and it had just rained so it was a little foggy but cool.

Furthermore they can often serve the Secretary of state and not your out of state registered agent and then get a default judgement against you.