Not sure if anyone mentioned raising some private funds from family and friends and secure the note with the property. it sounds like an expensive lesson, may be a good idea for him to add a provision in the lease with the future tenants for routine inspections...

I routinely commute to the city during rush hour and I promise you up and down i55 will be an hour and a half stop and go.

@Jonathan Tea for most of the routine maintenance things, they only need a handy man but they should have a contractor to handle larger tenant turn overs.

I would agree that there is an issue with what many Realtors have to offer, but I don't agree that a Real Estate consumer can routinely do better than a quality Realtor.2- Part of the reason this became the norm, is that when the total commissions are a part of the purchase price (Seller pays them), THEY CAN BE FINANCED!!!!!!!!!

You're trying to compare daily health routines with preparedness, as if owning a gun means you don't brush your teeth.

Par for the course, Josh...We routinely have about a third of the contractors who come out to give bids never get back to us, despite driving long distances to see the job, spending a lot of time walking through and taking measurements, etc.I don't understand it, but I appreciate the bad contractors weeding themselves out

My question to everyone and anyone is:What was your study routine back when you were working on getting licensed as a Real Estate Agent?

The emotional personification of true "passive income"- you still need to react to the world and make decisions, but if the team is good, it becomes pure joy to not have to think about daily routine management of a well-launched investment..

I think I am going fiberglass and routine landlord changes during summer and then switching to pleated in Fall...I am lax about inspections anyway so I would like an excuse to pop in routinely although it will be a pita.

Connects to wifi so I get a text instead of having to routinely check the traps.