Diane could not let that one go by AS @Glenn Paulson states  its a tough job.. and nothing could be further from the truth that a PM in a low value asset environment just sits back and does nothing.. there is nothing more difficult to manage in real estate than low value assets.Now take SF property with high wage earners that have their rent ACH into your account each month live as neat and clean as you do.. then I can kind of agree.. but not low end houses.. no way no how.There is over head to a management company .. its not all net profit.Also Glenn with these type of rentals if you have never been in them.. asking how its doing in the first 6 months is a waste of time.. you need to check in year 2 and 3 once the honeymoon is over and a few  turn overs have happen maintenance then you can get a feel for the true numbers..

Only two payments I did not have to send a reminder and it was never set up for ACH although I have asked several times.

You can file a Chapter 13 which will protect your home and its a clean way out.When you file a CH.13 BK its not the end of the world it simply protects your home since its your homestead from foreclosure.

Because the rapport I built with the seller and the property is pretty much a dump, seller is ok with whatever happens as long as they will be released from the head ache.

I may just have to take my medicine and learn from the experience.

Checks come in ACH monthly and I love it. 

wink wink, if its in a grocery anchored center retail medicine would be a great alternate use.and I assume you are looking at a free standing single tenant building, especially if its a QSR....just very surprised there isn't some kind of a ground lease at play here, given the situation.  

Not only that but it would give them a taste of their own medicine and may even prevent them from repeating the action in the future.

You can do that and pay the agent that brings you a buyer whatever their fee is.Or, you can place a sign out front and have unknown people walking through your house at odd times looking in your underware drawer and medicine cabinets.

It's inspiring to see how you’ve balanced a career in medicine with building such an impressive real estate portfolio. i am new to biggerpockets as well, and am a realtor for distressed off market real estate here in Fort Worth.