Lots of variables involved and depends on your personal situation of course.  

They have millions in lawsuits against them and are in default on multiple loans that I’m personally aware of.

But my personal experience investors are looking to a realtor to work with that has more experience.

Do you have a personal connection to any of them, say Orange Mound since your profile says you're in Memphis?

If I was a contractor, I would overcharge a new person because I know they have no idea what they are doing and will be changing things all the time and asking for advice on things that really should be their decision.

A property manager handles these responsibilities, freeing up your time for other ventures or personal pursuits.3.

Do I need a purchase and sales agreement if I have an off market deal that the person wants to hold off selling till February?

For building a buyers list, I’d recommend joining local real estate investment groups, both in person and online.

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

I own property and have no children or real persons that I want to inherit my property after death.