I did one last year that was an hour away from me, and it was a huge, huge pain. 

Florida's insurance issues and zoning regulations can be a pain.

You will have to do something unique to make it effective & useful to you... because it's always no pain, no gain!

They sound like regular conversations where the RE professional/investor is genuinely interested in discovering the seller's pain points to help find a solution.All the best!

Most syndicators use quickbooks and run a portal through juniper square or appfolio or another 3rd party software companyOnce you outline your pain point happy to provide recommendations

Now is just one point in time and one can make permanent judgements based on the perceived current situation but that might be shortsighted.As far as the politics and legal framework, yeah it can be a pain, but for those who understand it, it eventually becomes a competitive advantage.

You will also need a team that knows how to work with CMHA, which in itself is a huge pain to deal with.

Yes, having tenants pay ACH via a Tenant Portal software is best, but not all will cooperate and some will play games that result in NSF charges.We allow tenants to deposit cash/check/money order directly at our bank into our account.Many Class C & D tenants have challenges adapting to unfamiliar ways to pay and is often not worth the hassle (and possible evictions) to get them to change:(

Diane could not let that one go by AS @Glenn Paulson states  its a tough job.. and nothing could be further from the truth that a PM in a low value asset environment just sits back and does nothing.. there is nothing more difficult to manage in real estate than low value assets.Now take SF property with high wage earners that have their rent ACH into your account each month live as neat and clean as you do.. then I can kind of agree.. but not low end houses.. no way no how.There is over head to a management company .. its not all net profit.Also Glenn with these type of rentals if you have never been in them.. asking how its doing in the first 6 months is a waste of time.. you need to check in year 2 and 3 once the honeymoon is over and a few  turn overs have happen maintenance then you can get a feel for the true numbers..

Are they a pain in the butt?