Also, depending on your state, but yes black out sellers info and mange closing through your title company.In an attorney state this gets more tricky.

I've read the BP book on manging rental properties, and other articles and such about the Fair Housing Act, and am wondering if or how I can decline a tenant on the basis of their criminal record from their background check.Here's what we're dealing with:-A misdemeanor drug possession charge from 5+ years back.

I think at this point I need to bet on my self and find a better way to mange my properties.

Ron Manges is the business development person and he comes to the Pittsburgh REIA.

Was just a days drive away and I manged it myself.

Up until this point I have manged English Speaking properties in the Wiesbaden area, built new construction and rented myself.

In that time frame, each party will receive the following:Month 2 – 12:Ed Receives: 11 Months Prop Mang fees $880Joe Receives: Net Rent Balance: $10,120So at the end of year 1 their totals are as follows:Year 1 Totals:Ed (Property Manager: $1,460 Joe (Landlord) $10,540Ok so not terrible so far.

We may outsource more of the duties later but this approach has allowed us to get in tune with the business so we can mange the manager later. 

At 25 I took it back over by hiring my own employee to mange my properties part time.

Another possible route is to find a rental property and hire a property manager to mange it for you.