Quote from @Nicholas L.: @Dan Tranjust curious - why is this your goal? 

I always send people in the direction of @Amanda Han she is among the best in the nation when it comes to serving real estate investors. 

The heartbeat of construction in Greenville, they are more than builders; they are creators of spaces that stand as a testament to their commitment to excellence and the community they serve.

Tape, patience, and two coats will serve you well if you decide to do it yourself.

Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.

There is a lot of fact.The investor's lifestyle choices has much to do with how well passive income can serve them.For example 5k/mo passive income may not do much in California but may be more than enough if they relocated to a country with a lower cost of living, spent less than they earned and continued to invest the change.great perspective on your part!

They use an eviction service for serving the tenant and coordinating with the courts.

A "reorganization took place, one of the families left the group in exchange for the insurance proceeds and the property then had 4 owners (and 4 cottages)2000:  I bought ($42,000) my parent's share.2000-2010:  I bought the other shareholder's shares (total $300,000), leaving just me as the sole shareholder2017:  Elected to file as S corp.None of these transactions were properly recorded.2022 1120S tax return (2023 is on extension) shows:$0 income$15,000 Land (sched L, line 12)$122k Loans from me($189K) Retained earning$93K cap stock($46k) Sched m-2I have no idea how we got to these amounts.Does any of this make things easier to understand and easier to get me out of this capital gains problem (or does it just muddy things even more)?

I've never been evicted nor have I ever had to evict anyone so I'm unfamiliar with the process.At the very least, someone with this on their record was served an eviction notice, right? 

I'll show up to the mortgage foreclosure auction either way and see if they show and what they bid.My theory about what might have happened was that the foreclosure wasn't going through the courts because the guy disappeared off the face of earth and hadn't been served the papers after several attempts.