Big red flag would be her telling you not to come to town.

Thats when I saw the $450K asset management fees, even though the fund is $450K in the red.

You should do a deep dive on what your goals are and why you bought a rental in the first place.

As Red Green says “We’re pulling for you…”

I would recommend that you get out to local meetup events, as that is where you will make the really deep connections to help you get rolling. 

You’ve taken the first deep dive into investing—great job!

Biggest red flag, many EXPERIENCED and NEW LOs do is overpromising and under delivering. 

They’ll have a deep understanding of the market and a strong network, which can help you identify the best opportunities.Owning rental property isn’t as simple as it might seem.

Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear. 

Since this situation was so egregious (IMO), I would either boot them out now, or at least have a serious talk, real serious....If you're going to let them stay I would just get a really deep cleaning done, maybe a couple, and then replace carpet after they're gone.