If the property manager uses a payment app integrated with the property management software to collect rent for the landlord, this is not gross income for the property manager.

My budget for the property is up to $200K. 

The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.

Quote from @Mitchell Coles: In Ohio, property liens are typically recorded at the county level, making the County Recorder's Office a valuable resource for property research.

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.

@Tomoko HaleWith STRs its not just purchasing the property. 

You’d probably end up with a bigger after tax gain if you sold the 2nd property for any amount of money and did that.

Your investment property - This you could do a 1031 exchange on and buy another property you intend to use for investment. 

The property has a decent-sized lot with a carport past its shelf life.  

I came across a question for our Rookie Reply podcast episode asking about property management software.