I am a firm believer in the adage that your network is your net worth.

If you hate the process of placing tenants, it may be worth it to hire a property manager to handle tenant placement for you.I think finding a new tenant is a better long term strategy if you're confident you can find a higher quality tenant that will cause you fewer headaches.

However, chances of making a mistake or overlooking an opportunity to save are higher when it comes to rentals.The dilemma is whether it's worth paying a professional in this case.

Therefore I just bought a house with $123,000 worth of equity when I walked in the door. 

However that data is not necessarily worth a damn.

Quote from @Quan Pham: Hi all,I'm in quite (to me) a difficult situation and looking for some insights.I'm buying a new house $1.2m @7.2% interest, and my current house is worth ~$780k @3% interest.

Meanwhile, gross rents of $1,800+ for 3-bedroom single-families is an achievable figure, so it’s possible to generate cash flow if you lever modestly.There’s a bunch of other stuff that’s worth highlighting—the economy, demographics, neighborhoods, new construction, and more.

It is well worth if you get one deal ever 5K mailers.   

I lost a fund that was going to build 25 of these they decided on Austin Texas. land is cheap in ohio. there's 5 plots of land right now for 40k or 50k and we build houses 10x land cost or 10% land cost of after built value. don't do existing it's not worth it.

It costs the same amount to replace a roof or furnace whether the house is worth $300k or $30k (assuming a similar size).