In happier times the husband and wife buy a house and give a mortgage to pay for the purchase. 

I ended up spending $500/month on a personal assistant that takes care of all this kind of stuff for me and both my sanity and my tenants have been much happier for it. 

I currently use RentRedi (courtesy of BP Pro) to self-manage the tenants.Where We Are NowIt’s been three months since we moved in, and while the renovations have been challenging, I couldn’t be happier with the decision.

The mountain life pulled us to Spokane and we could not be happier!

I would replace it, in my personal opinion, for quite a few different reasons—happier tenants, less stress on you, etc.

Ensuring you're both onboard from the start will contribute to a smoother process and a happier investing experience.

Why should entire practice be outlawed or placed under fascist/communist control , just so some higher ups in food chain may feel happier about another competition they get rid of with the help of fascist/communist State, and at the cost of trampling on the laws of free market?

Lower turnover means happier residents, but it can also translate into less operational stress for you.Max Occupancy: The size of the home and local regulations will determine how many residents you can house.

I'm very bias now, but couldn't be happier with the move to live and invest in Reno, NV. 

HML or private money loan would have been  10% down and with renovations funded 100% so your leverage would have been better with HML by quite a bit.. and since you flipped it quickly the interest an points cost would have been within a few grand maybe 5k difference.. and you would not have had to go through all the machinations of a sub to and seller would I am sure been happier getting cash out and their debt retired day one..