Sometimes it's nice to get a new lease so that you can increase the rent right off the bat, but having tenants with a solid payment history is worth so much more to me.

Because little Johnny's Mommy wasn't too pleased when showed what the "nice kid with a backpack" gave him for selling him his "toy" and found out it was worth a whole lot more than a "handful of jelly beans".... 

What I found was, yes it was nice have additional income, but each project seemed to always interfere.

I plugged them into Invelo to find the owner information and have begun sending hand-written letters.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Once you have completed the consolidation portion of your 1031 exchange you now own a more expensive (and probably really nice) property that it must be your intent to hold for investment use. 

Hey nice to meet you !

If you took the $200K as a down and purchased from a builder, you would have a nice investment.  

Get a nice downpayment (lower LTV better)Hope this helps

I am a small business owner, business is not doing too well right now so that’s why I’m looking at an all cash buy, so I can get a nice cash flow to supplement.