@Susanna Ng Sorry to hear about your awful experience.

I have extensive experience in this space as I currently mange 100 of these in Scottsdale/Phoenix market.

Asking $270KMonthly Rent Roll is $2300Taxes: $3k (i'm not sure why so high)Insurance: 1K (assuming)Prop mang: $2760 (10% of gross rents)Maintenance: $2760 (assuming 10% gross rents)Tenants pay all utilities and lawn work.

It takes time to mange a property i.e, finding & screening tenants, making small repairs, collecting rent and the list goes on.Hope it helps.

@Toyin Dawodu The book "be a real estate millionaire" by D e a n G r a z i o s i  is a good book and lays it out there pretty well.

If they need money right after they finish -NG!

We met in the middle and mang he is jumping right in among tons of properties being in rehab and being placed up for sale.

Did you mange it as a rental intentional community or a live-in AirB&B?

@Adam Ng My lower income rentals are tracking at about 2% vacancy for the past 5 years.  

I have read dozens of investing and real estate books over the years and even focused my electives in undergrad and my recently completed MBA to learn more about REI.A bit about my REI plan(s)/goals:  I have 1 rental property that I purchased 2 years ago; its located about an hour away that is manged by a PM.