For $50/month we get to deal with rigorous screening of less than ideal tenants, constant calls from tenants, damage to the property every time we turn around because people do not care about things in this class of property, Section 8 and the government (who doesnt love to deal with the governement), maintenance requests because none of the plumbing is updated, codes enforcement because the tenant decided it was a great idea to put a couch in the yard, and last but not least angry owners wondering why their pro forma isnt being met ("I was gunna get a 75% COC on this thing").Now this is a pessimistic view of what it is like but PM is a pretty thankless job, especially in low end properties.

@Marc Winter Yes, I meant the buyer that bought my property on Contract for Deed.Yes, I will not have to evict him instead of foreclose.I was only a bit concerned about ejectment, as i don't want any damage in the property and want this issue to be resolved on simple terms.

I’m holding off signing papers to this condo I won at auction until I figure out if the water damage is going to empty my pockets.

I don’t think we’ve met in person since the day I hired him and talked over the phone maybe 3 times (emergency damage).

If they skip out on two months rent, the last month's rent and deposit will cover it and your only loss is cleaning/damages.3.

And she kept complain that my house is very dirty and damaged her health.On 1st June, she should pay the June rental fee, but she did not pay, and she did not give me any notice to intend to pay.

A year later, a large earthquake didn't damage my house, but it made me realize I might lose everything if one did.

It’s doubtful they’ll do any more damage that hasn’t been done at this point 

If they failed to turn one in, then you are able to assume that the property was in new condition before they moved in and can charge them for any damages at move out, as they failed to report any existing damages.

They usually have a spot where you choose between "specific performance" or "liquidated damages" in case the seller doesn't come through.