Of course there are mitigating circumstances when it is clear that the borrower was mislead verbally or could not obtain the necessary knowledge to make a educated decision when borrowing that money.There are many cases when predatory lenders persuaded uneducated home owners (Mainly elderly) to borrow money against their free and clear homes for a small monthly payment which obviously tripled when the terms of the introductory rate expired.

The level of management needed will depend on the age of the property and what type of repairs have been completed along the way.If you buy a property with deferred maintenance getting it turned around the first 6 months will take a ton of time.A manager should be compensated for the extra work in that case.A 10% fee simply will not cover or make worthwhile all the work involved.There will be eviction,court dates,trash outs,re-conditioning,advertising,tenant apps with criminal and credit check,ongoing repairs with tenants that are staying,etc.For all of you that want to manage other people's properties you need to check with your state's real estate commission.In many states including mine you will have to hold a license with a brokerage or be a broker.Some exceptions is if you are an employee of the company etc.I think often times investors have a high expectancy of PM work.Simply it's like owning a restaurant and having an 8 hr worker.To expect that worker to be just as excited and diligent about the business when they get nothing but a small check is a pipe dream.If I pay 100 for a steak then I demand service.If I go through the drive in at Taco Bell I expect the food to be correct and nothing else.Managing 100 properties yourself without help is the exception and not the rule.This is based on my experience dealing with apartment owners.One had about 210 units over 10 buildings all within a few miles of each other.Vintage stock and unit mix was all different ages.They ran it themselves BUT had a full time leasing manager,bookkeeper,and about 3 maintenance guys.There is no way without the help they could run them selves.I have seen basically one person locally could handle up to about a 20 to 30 unit by themselves.After that it becomes really difficult.Many investors buying in this range are not purchasing a new building.These are older buildings that need constant upkeep and have problems.Typically the mechanicals,plumbing,electrical all start failing at different intervals.I have a 20 unit and have a live in PM.It lets me focus on my real estate deals and I check in with them every 2 days or so to see how things are going.I don't want to do 10 hr work when I can make hundreds per hour selling real estate for my clients.If you want to invest out of state you could do triple net leases for mail box money.The CAP is about 7 to 8% where I am at right now.If you want higher returns then usually you have to take on more problems and risk.

Realistically, this is all very tough to do, but that's how you get to 800+ FICO(edit) how the heck did a triple post happen?

Do you want to triple close a deal?

I've had only 1 bad experience . . . one of the bidders on a project was triple the price of everyone else.

I guess if you used Jons' #'s of questioning whether $1000 might go up triple compared to mine going up 10 times, and take somewhere in the middle (6-7 times increase) it might be close.

Tod,I would believe that if you can manage 25 singles, you wouldn't have a problem doubling or tripling that amount.

Triple Net?

Five years later his interest rate tripled but the house worth only $70,000.

However, what if you hold your property for 12 years, your equity in it is 80% of the value and it tripled its value over those years.