Quote from @Josh Otero: Hi BP community, I know you've got some crazy tenant stories and I want to hear it.I'll go first:1) I was managing a 5 story apartment building and a dog fell off the 4th floor balcony because of the owner not paying attention.

@Basit Siddiqi Have you considered getting an assistant to manage all of those things rather than a property manager.  

And I suppose region by region?  

I am based in Virginia and licensing requirements here seem manageable.

The #1 reason that Landlords fail, according to the American Apartment Owners' Association, is the landlord's failure to manage to the lease.  

For owner managed properties like this we see expense ratios in the 35%+ range. 

It is in a great location for winter and summer recreation with a lake and ski resort less than 5 mins away.If you like to connect shoot me a DM and I can show you the location of the propertyThanks for the reply!!

Just remember anyone who has acted as your employee, attorney, accountant, investment banker or broker, or real estate agent or broker within the 2-year period ending on the date of the transfer of the first of the relinquished properties is considered your agent and is disqualified from being your QI.So definitely ask them for recommendations but they cannot act as your QI on the exchange. 

A lot of DSCR loans being made right now are on the fringe of solvency, and I expect more pressure in this market segment as operating costs continue to rise and rents continue to stagnate over the next couple years. 

My partner and I have a General Construction company (CSL).