I invest out of state because at the time, I could not find anything that would meaningfully cashflow, plus a $150k deal was a LOT less scary than a $800k deal!

The baseball season lasts 6-7 months, and I am given free housing during this time, wherever I am currently assigned to play.

Quote from @Colby Burns: Long time reader and first time poster.

In both cases I settled with the homeowner to avoid aggravation, lost time, and expensive lawyers.

I have 3 long term rentals, but this is my first time with commercial property. 

Over time, I learned a lot about what works (and what doesn’t) for new investors.1.

You Might Not Live for FreeMany first-time house hackers expect that their rental income will fully cover their mortgage, but that’s not always the case.

I would not renew their lease then find someone who can pay their rent on time and will obey your rules.  

Don't forget to annually mark time for vacation or family time.You might consider hiring a teenager part time if there's something that is time consuming (for me, putting out 20 open house signs then picking them up).Best to you!

At the time, PPR was selling courses for investing in distressed 2nd mortgages.