I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.

.- If they are more reasonable you may want to accept if for now, but let them know you'd be doing regular increases to get the rent more inline with market rent.Too many newbies here will tell you to get market rent or get rid of the tenant.

They claim the repairs were done and that the properties were worth more at the time of purchase but that the area has deteriorated since then.Any help on this subject would be greatly appreciated!

Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

I make no claim at being a tax lien expert, but most of the time anything that makes it to OTC is so picked over it is nothing you want or could get much if any value out of if you had to foreclose. 

For regular tenants and/or section 8 tenants.

Are they a regular, full-service PM? 

Don't trust what ANYONE tells you about a market without solid data to back it up - this includes claims about how many transactions they've done or a single example (that's often from several years ago). 

I would assume you will need a police report to file an insurance claim on theft.

The info he claims to have is easy to find on the net or in a book but why deal with Section 8 housing problems when there are so many other investments that are nearly hands-free?