I don't know how the really big players stomach it.Something else I failed to mention was how the PM's are also tacking on fees on top of rent to extract even more money from our tenants. 

The podcast also talked about insurance claim re-housing where families lose their homes to a tragedy and get replaced through their insurance.

Its easy to get wrapped up in wanted to learn everything, and it ends up in people losing sight in what their original goals were from the start. 

Congrats on "not losing" money on your first investment property. 

@Olivia Blake how much money will you potentially lose by strong-arming a tenant and then having them break the lease early - or even just not renew?

Meaning if the borrower stops making their payments the investor can lose all of their investment.

I only plan to manage these two from out of state until we're able to refinance our second home as we're losing money on this particular house for rent as we bought this home last year. 

Many new investors get entranced by supposedly lower prices in the markets you mentioned, buy a property, turn it over to people they've never met, and immediately start losing money.  

Purchase price: $275,000 Cash invested: $294,000 Sale price: $355,000 Seller was behind on pay HOA payments and in risk for losing the property.

Most investors make the same rookie mistake: They focus on problems instead of people.
Telling sellers everything wrong with their house and justifying your offer with repair costs doesn’t build trust—it kills it.
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