We used to try to offer to comp and cancel right away if they were a pain so their stay would be eliminated, but I don't know if you still can do that.

It took a year of painful lessons (the first of which is that NOBODY will care about your business as much as you do (Evolve), and that - in my case at least- self managing makes more sense -even remotely- than allowing someone else who has different motivations to take the reigns. 

And with the example you used of being able to save 100k per year, do you really think that there’s gonna be that much stress relief from a paid off mortgage when you’re making kind of money?

@Jonathan Greene @Jay Hinrichs @Nicholas L. short sales are almost always done through RE agents and are a major pain the butt if the lender servicer wont respond in a timely fashion.Pre foreclosure you dont use and agent but if your talking NY I think and not totally sure but I think only an attorney can draft the Deed transfering title .

Great idea, although conventional and FHA renovation loans are somewhat of a pain to qualify for.

Depending on your area, it can be a pain to set up multiple LLCs and keep them running.

@Shelan Davis, I am going through similar pain.

@Ed HoffmanYou can do it by registering the NY LLC in PA. In

It's a pain, for sure.  

I would need to know more specs on the house but with material shortages It's difficult to say how much to budget. 80K-120K for full gut perhaps but unsure with lumber beings so expensive and shortages.I would plan 9 months of vacancy between the pain you will endure pulling permits & having your contractors show up everyday to complete the work & then final inspections to get a CO.