Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

Their REITs were initially sold to the investing public at $10.00 per share.  

-When a tenant moved out, the management company refunded their security deposit but failed to account for damage, such as holes in walls and outlets ripped off the walls, leaving me with repair bills and also tenants moving in without the repairs being done.Stuff like this that is consistent and when I ask questions they are defensive, when I ask for more quotes for high ticket items they are defensive. 

It's not an effective strategy but a lot of investors believe throwing in high end appliances in itself secures a buyer. 

Im looking to secure financing for my real estate business.

The Title Holding Trust or Land Trust will keep your name of the public record, but it can also complicate the property ownership and management. 

Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.

I made it public to everyone. https://docs.google.com/spread...

Do you currently have enough funds to pay first month’s rent and a security deposit?

I did the right thing by asking for the security deposit and first month of rent before handing the keys.For the next two months, she has been a nightmare.