It took literally a few clicks and we were done.

It can quite literally make or break your ability to have positive cash flow.Reducing the Need for TurnoverFirst and foremost, the idea that tenants renewing their lease or moving out is something you can’t control is a myth.

If you are willing to rent rooms, it is a simple equation and you can live for free, it literally is just finding a house where you can add multiple bedrooms and turn a 4 bedroom to a 7 bedroom or a 5 to a 7 bedroom and you take the smallest room or a trailer and renting out 7 rooms, you can definitely achieve cash flow.

That can literally be like 50 bucks - and that is not up to youInvesting in section 8 usually means C-D class areas - Higher risk, higher turnover, higher chance of evictions, higher chance of property damage, behind on rent etc.Instead of buying a 20 unit, maybe considering scaling down and investing in a solid area. 

However (I'm an insurance agent not an attorney) the legal wrangling of the PM not taking a necessary action could set up a situation where the insurance carrier pays then subrogates back against the PM company for their inaction so the property manager should also have appropriate general liability coverage for their business.This next part can change by state and insurance carrier...Being named as lienholder or mortgagee can set up the lender being involved on the payout of any damages - say there is a fire the checks cut for damage could name the insured and lender so both parties have to agree how those funds will be used.Some carriers have a rule that if the loss amount is under a certain dollar amount the check is only cut in the owners name / if the loss exceeds a threshold (say $25k) the check is cut in both the owner and mortgagee names.Being named as loss payee is literally that - the check is cut in your name or both the insured and your name. 

My issue (one of many) with my current PMC is that they have failed to get me even a single tenant in almost a year now and keep telling me that they don’t understand what the problem is, but literally 30 minutes after I started advertising my units myself, an eligible tenant responded to my own add.

Michael Lechter literally wrote the book, OPM, in 2005.

It is literally your job to keep the unit safe and habitable. 

It just doesn't seem like an oversight when literally no one in the organization answers or returns your calls.  

FHA) you might be able to get into something with literally no money out of pocket.Detroiters have a massive opportunity today IMO.