Everything changes monthly, daily or hourly.

My daily business is in tax law.

Just hit some bumps in the road, and curious what your day is like, what do I have to look forward to, what can take from what you all share and apply to my own daily planner...

Sorry to hear you troubles Nate.I CRINGE when I always hear an investor say I bought a "turn key" investment.So far I have never heard of one turning out good but I am sure one exists.Those kinds of repairs costs can be normal.Especially if you have an older property that is being rented out more things will go wrong on a daily basis and it will be more management intensive.The item in your management agreement I am sure will be deemed and enforceable part of the contract unless it is deemed "vague and not descriptive and un-enforceable" by a court of law.Often these "turn key" investments are not deals at all as capital reserves and upfront repairs are misrepresented.I equate it to "lipstick on a pig".

I deal with situations like yours on a daily basis.

With all of the new regulations and rulings coming down on banks lending rules change daily these days.

Don't expect asset managers to school you.I hear it from asset managers all the time "Do you know how many questions I get from investors wanting to learn on a daily basis??

Do you charge a one time fee after the grace period passes and then a daily flat fee after that when rent is due bi-weekly?

Being in a low yield area and confined to a daily job (low yield requires job) brings desire for out of town property.

Buying money orders is a real pain cause the grocery stores impose limits on daily purchases and only sell them in $500 increments.