So, you need cash reserves or be able, without any doubt, to acquire funds, in this aspect you can borrow money to carry out a foreclosure as this is not the note purchase side.So, I can't really say you need XX dollars to buy a note or a portfolio of notes, but besides the note purchase you'll need reserves and the ability to carry out the necessary functions to safeguard your investment.

I am trying to manage the asset and the property managers.Here is the basic functionality I'm looking for: Property View: Customizable view that allows me to select a given property and view, update, and save information including the obvious facts, plus ownership %'s, reserves to be held each month, property tax/insurance info, purchase and loan info.

Over 52% of last  year's evictions came from the 10 largest apartment buildings, so evictions from single family rentals, condos and townhouses are not common.

@Mark K.PPR ran through 2008-2009: the 2nd largest market collapse in the bond market, real estate and the stock market. 

I am in the process of purchasing a 6-unit and am dealing with that same question of how to reduce heating costs, as the oil bill is by far the largest expense. 

While you shouldn’t categorize all tenants and it’s the landlords responsibility to properly screen, the tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property which combined will result in less time allocated towards management functions if self-performed or more favorable management fee structures if 3rd party management companies are utilized (which ties back to #1, as well).

Once you have a short list, get an account with each one and run them through the wringer to see how they really function.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

If you plan to scale ask your largest commercial RE broker for some recommendations.  

Stessa is great - it really is only missing maintenance request functionality - that's the reason I signed up for buildium.