Unfortunately, over the 11 months he has lived there, he has only managed to pay the rent on time once.

But, you already know that having property management experience.

Wrong Property Management ApproachIt doesn’t matter how good the people who are doing the property management are, if they are not using a property management approach designed for co-living, everyone loses.  

I do have some investment experience and I'm currently managing 1 property, all the numbers are great and there's a good amount of cash flow and long term growth so I'm not a total green horn. 

Landlords, property managers, and tenant screeners—how often do you encounter fraudulent income documents (bank statements, paystubs, etc.)?

She doesn’t need local family to manage it. 

If you're in it for the long run you'll learn that management makes a good investment into a great investment.

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

Hi Amir -A good place to start with BRRRR in DFW is by building a solid team: investor-friendly agent, lender, contractor, and property manager.

Even though I wasn't a good asset manager, I made money on my properties.