Hope is never a strategy.As others have mentioned here, definitely start the eviction process.

As mentioned this means the property can support itself and wont put me in a situation where I can cover debt, operating expenses or capital expenses.Annualized Return if Sold at the Five-Year Mark:This metric offers a comprehensive view of investment performance, blending both cash flow and equity.

Hi Austin, With the leverage and DSCR ratio mentioned you should be in a solid position.

I will definitely reach out to you in next few weeks as, in a perfect world, it would be nice to have the investment properties within an hour or two drive (Sacramento is one option I want to look into and will also consider some of the other cities you mentioned) of the South Bay Area where I live.

The broker I'm working with, mentioned that any company can cancel any policy within 30 days of approval and that any premiums paid will be refunded, but my main concern is to get a policy in place for this property.

Unfortunately when I went and checked reviews for them they were overwhelmingly negative, some of it was stuff you mentioned in your post above, but a lot of other reviews cited downright dishonesty, like the service taking money, not providing the list and not responding to any sort of email contact.

The AC was not included on the lease so before I had this disturbing conversation with tenant he installed 8,000 BTU AC unit that was not enough to keep the place cool.As much as I appreciate your advices I think that getting property manager is taking easy route and I like I mentioned I am pretty new to this and want to learn as much as I can and sometimes it is just not pretty and easy but I still think its worth to managing the property on my own so that if I ever end up getting property manager I know what to expect of them and how to manage them!

As mentioned it can be difficult to get another FHA loan if you have one currently unless you have a job transfer, family size increase, etc.

Is Absentee owner still as good as it was with the same criteria Sharon was mentioning?

Hopefully this isn't the hobby I mentioned earlier and you have a better use for your time.