I charge 10% of the monthly rent, and if I have to go to the property in person for a routine inspection or to oversee a large job or high ticket estimate, Its $25/hr + $0.50/mile driven.Hiring a professional manager is ideal if you dont have the patience, mental space, or availability to receieve random spur of the moment repair and emergency requests.

Still at it mate,Just walking now and not running.My knees can't take the running anymore and I have witnessed what the quiet life is like in Europe for a few years so that mentality is still engraved.Although, this amazing place still pulls a man's will for more hehe

Idea 6: Wait until your market is so insanely hot and has low inventory like San Francisco, oh and a "Not In My Backyard" mentality...

Quote from @April September: I don't drink coffee( never have ) and you suffer from mental illness ,called COGNITIVE DISSONANCE.My post was for the smart people who care about the truth.Enjoy your slavery and your stupidity and don't forget to pay your taxes, mortgage that you never had, " your" car registration and your prepaid utility bills.And of course, don't forget your vaccines. 

If you build the wealth when you can it will give you a lot more flexibility and options later in life as it’s a marathon not a sprint  Totally in fact it is better to eradicate this passive investing mentally into  active investment wealth building slowly ….

If its going to make or break him, might be better for mental health to sell.Austin is a great market and Id be willing to bet the vacancy could be plugged quickly. 

But that type of mentality: not admitting when you’re wrong, sidestepping when you’re at fault and in return putting someone else down sounds like 1) our president and therefore, 2) not someone I automatically want to give my money to. 

You need an Eat what you Kill mentality if you take this path.  

Having a 24 month term on the front end will also make my job easier doing the take-out loan when it's time to refinance into permanent debt, because there's room in there for a full year of tax returns to have been done in the middle (if your exit plan is to sell, it'll also make it easier on your buyer who will presumably be willing to pay a higher price if they can get an A-paper good mortgage).Ask for a 24 month term, tell your contractor you want it done in a year (and make it financially worth their while if they can pull it off), internally/mentally plan on 18 months, and I'm putting you on notice now to do your tax returns on time, rather than extending them (don't fight me on this, please just do it).Trying to get a renovation mortgage like this for only 1 point is likely a waste of your time, but if you want to ask, after you've secured the above as a 'done deal,' go for it, can't hurt. 

Sure you have some people who have limited ability to move up the economic ladder because they have intellectual or mental health issues but I just don't get long term section 8 for as many people as there are on it.