Dominic, I would door knock a handful of the owners in the area, and simply ask them what would be relevant to their lives on a recurring letter.

If each reants for $1,000 per month, that's $46,000 PER MONTH (minus the capex and taxes, but would seem to be a great source of recurring cash flow....FOREVER).Or am I missing something? 

Our corporate setup is somewhat different than most REI LP or LLC and is more like a Tech Start-up which is heavily scaled to dividends, stock options and long-term recurring revenue.

Hey guys - Would love any insight from this group on what I imagine to be a reasonably recurring problem.I got into the buy and hold game with the money from selling my last company, and over the course of a year and half, have bought up 6 units.

The recurring theme is bad credit.

If this is a recurring issue, you should reach out to the HOA and find out if there is anything you can do to help alleviate the problem and talk to the tenant.

We don't known any homes right now.After that we use our savings from our jobs (both are single 27/29 year old dudes) and the cashflow savings from our rent payments to put 20-25% down to find subsequent deals that have these parameters: 1) $500 cash flow after all recurring expenses including mortgage from each property. 2) Recoup cash investment in 3-4 years I figure once we hit 4-5 properties each that are cash flowing $500 a month.

Then, start asking them questions for help with their specific specialties and their recommendations for help with the rest of the initial and recurring legal and financial/tax aspects of your business and its operating details.  

Outside of income taxes, the single largest recurring charge for commercial property owners are Property Taxes.

My experience working with the public and recurring charges is that some people prefer to deal with paying once instead of 12 times.