You will also get to witness bleeding heart judges going out there way to allow continued residence for tenants despite not paying.....but don't take my word for it, go check it out....when youre done there, go down to pratt st off mlk, go hangout in the section 8 office during walk in hours, witness the ridiculousness that ensues down there.....dont shoot the messenger

But, adding on a 15% PM fee on top of a bleeding rental is torturous.

The accounting module will make your eyes bleed since it is way to complex.

Some markets, such as Memphis, have been so heavily influenced by the recent swell of investors, it might become saturated pretty soon.

I turned one into a rental in the past, but was bleeding due to high cost of property tax and insurance.  

@Jimmy Klein i really appreciate the offer to help, but in the past couple of weeks we found a management solution as well as some interested offers out of nowhere. the deals may or may not happen but we found a professional that will stop the bleeding, and has the resources to increase revenue.

That is bleeding cash.  

Unless, of course, your tax returns say that the business bleeds $5000 per month.

If you DIY, it opens you up to any number of legal issues, clear title, usury or whatever else a bleeding heart attorney might think up if you ever have to foreclosure for nonpayment. 

We were out there that day adding permanent drains to bleed the water away from the area.I hate the experience @Dené Sellers is describing.