It really seems like West Richardson is getting saturated and I expect that at some point this will bleed over the highway to East Richardson and Berkner High School.  

That includes your prompt response to threats from broke tenants or bleeding heart attorneys, if you're not negligent, you're not liable.Actually, I believe you have more liability exposure driving your car than owning a rental  house. 

Yup I would say the vast majority of owners who have large portfolios in the city they live and work in.. will create their own in house team.. in some markets were your managing D class its basically mandatory.. other wise you will bleed from a thousand cuts. 

Avoid taking on expenses that you can avoid, because that will bleed you dry faster than you can believe.As part of my move to Maine, I recently signed on with eXp Realty. 

If you're bleeding cash on your first house, it would lead to a nightmare and maybe will keep you away from the RE game.

If you're able to charge top of market 1800 you're able to give yourself some cushion and actually save some money from this property instead of bleeding into it every month.- If you sell the place, you need to consult an accountant about how depreciation recapture will affect your tax bill and plan accordingly.  

CAP rates are all over the place in some markets and the affect is bleeding into the lending aspect.

We'll pop a banker just to watch him bleed.

They have to all be out the door and the place empty.If they can bleed 3 to 5 months free without paying you before you get them out then it is not likely cash for keys will motivate them.

@Mark S. Well