I'd be pretty irritated over the loss of 6k, 4 months of stopped work and the corresponding holding costs.Do you invest in OH, or somewhere else?

Registered agent is in case you need to be served legal papers, they will accept them on your behalf unless you would want to be served at your home or work, and technically it must be a place where you are available between working hours. 

And it needs 40k in work and the ARV is 55k.Project cost = 50k - 60kARV = 55kThere's no profit margin for a lender to feel comfortable even thinking about a loan.The problem with these micro price points is that almost no lender wants to even be bothered with them.I always tell people if you have 30k, then you can do a low price point deal in a market from Pittsburgh to Indy. 

It should not take 9 months to train someone, it should take a week or two at most and for part of that they should be independent.As for needy tenants-is it truly most of them being needy or do the units need work (and as a result of lots of maintenance requests) or a few people being problems? 

It's just that more information means more work and tenants more anxious about what is going on. 

I intend to relocate to the Rapid City, SD region in April/May for work, and I plan to acquire a primary residence that could eventually be transformed into an investment property.

You couldn't pay me enough to do section 8, WAY too much work and BS with government people (who are hired idiots that have no clue).

A prudent investor doesn't seek quick riches through shortcuts.

I always make sure that the draws are commensurate with the amount of work (and specifically the trade) performed to date.

Any less than this, and I worry they will "Side-Hustle" because the income isn't enough to appease the ambitions of the aggressive, high ego personalities that are drawn to GP work and Syndications.