The only consistent thing I hear is that a good PM can make an average property perform great and a poor PM can make a great property a loss maker.

Federal policy makers want to keep you from buying and profiting from openly traded non-performing notes (NPN). 

This seems to be the only real way to make RE work to create a legacy.Angelo is one of San Frans biggest property owners and he says he never sold.

The noise maker part with the battery is about the size of a cigarette pack and costs about $10 or $15.  

Make sure you're talking to a decision maker, not the front office secretary. 

Too many checkpoints and decision-makers is all PITA.  

I am definitely in the 'happiness' camp as well, and can see the value in you leaving the 9-5.I have a question that I personally think is the difference maker.

House hack this property for a minimum of 1 year to satisfy VA loan requirement.Rental income from the the 3 bedrooms: ~$2,250 ($750/room includes all utilities; potential for an extra $25 for a garage spot)While house hacking, save up a down payment to purchase a similar property using an FHA loan.ExpensesMortgage: ~2,400Utilities: ~150CapEx: 100 (Roof was done in 2012, water heater may last a few more years and is covered by warranty for first 13 months)Maintenance: 100Total: 2,750Current expenses from renting: ~1500Out of pocket: 500 (equaling 1000 saved per month)Home Inspection Call Outs-Main electrical panel does not have main disconnect (national violation) + exposed wiring in garage-Non fire rated plumbing going through garage firewall for laundry hook ups-Flat spot on roof that shows signs of standing water-Entry way is a trip hazard (hard to explain but will post picture below)-Possible rodent infestation in attic-Windows in 2 bedrooms violate fire egress code (sill is 4 feet high)-Closet doors in 2 bedrooms are oversized preventing full access (again hard to explain but will post picture below)-Backyard sliding door doesn't lock-1 bathroom shower diverter valve doesn't work (pretty cheap fix)-Attic insulation insufficientRepairs/Changes right away that I feel are necessary to make rent ready-Electrical Panel and exposed wiring-Closet Doors-Backyard sliding door-Rodents-Shared bathroom vanity to allow storage (currently a pedestal sink)-Master bathroom shower (for personal comfort.

Unfortunately for the tenants, that is far easier said than done.Although, I have seen some tenants make real effective use of RipOffReport.com.

But your recommendations will mean so much more.I'm also hoping the Property Manager will recommend or have a good contractor, since this place requires some remodeling before it is rent ready.The quick math on my 3BR/2.5BA SFR property is the following:$245,000   Offer Price  $10,000   Make Rent Ready$1800 to $2000 Monthly Rent Not exactly the 1% rule... but I did try really hard in the Austin metro area.