Thank u for bringing them up... makes me think ...So u guys think that if crash happens then Midwest landlords  from small towns can suffer more vs landlords from big cities?

Being in and out of houses all day, every day give you insight on market conditions and allows you to take a pretty solid guess at ARV before you even run the numbers.We still suffer some of the regular problems though - like finding contractors who will show up on time and stay on budget.I have contacted about a half dozen paving contractors to look at a job at my home.  4 never returned the calls, two showed up and promised estimates. 

the filing to get the two or three permits, like motel permit and short rate stay permits is not the issue, they want us not to take any renters until this is obtained that is the killer here. we have retained an attorney and are hoping they understand that this is a busienss and will suffer hardship if we stop the renting till permits and licenses are issued'

However, independent of the painful schooling I've had being a long distance landlord (I refuse to hand it over to a prop man co), I've managed to turn the property around, literally doubled the rent from when i bought it, significantly improved the tenant base and have updated, renovated, and flushed out most of the poor workmanship the property has suffered over the years.

Unfortunately, when I was 54 I suffered from 2 serious medical problems and I've bedridden ever sense but I have spent much of that time learning how to become a real estate investor while not working. 

I have a kind of an odd questions for fellow landlords or if anyone is in the insurance side.Last year when Irma hit South Florida, I suffered quite a bit of damages on a number of my rental.A particular one is a multi family building - I had fence damages, tree branch fell on roof, poked a hole through the roof, through the ceiling, debris everywhere inside, outside...so I filed a claim to my windstorm insurance carrier.I was lucky that the apartment the branch went through, was vacant at the time. 

In the end, I suffer the consequences and feel overwhelmed even by the littlest things. 

Existing units will theoretically suffer because the tenants may ask "why should I pay you $x when I can go live in that nicer place for basically the same amount of money?" 

If she is unable to have a civilized conversation then maybe you need to put some showing notes in your listings to the Agents to just beware of the neighbor who suffers from some kind of mental health issue <-- not too sure if you are allowed to do this since technically I believe this is a protected class but I would maybe consult with your local real estate board.

Toughen up or get out of the business--or suffer the emotional roller coaster an experienced tenant can put you through.Story from my upcoming book "Excuses Tenants Provide":  "I had to use the rent money to fix my car".