I can see in states like California, you would end up with a squatter tenant pretty easy, and then you're screwed? 

And most regret it.I'll make the opposite case: it is VERY hard to screw up when buying i.e. a duplex in good condition in a desirable neighborhood and either self-manages or hire a quality PM to manage.To any new investor who is reading this: In real estate cost and risk have an inverse relationship.

However, once you file your taxes, the IRS will figure it out and you're screwed!

Screw the 1,000 Rusty is going for 100 votes.

They do not communicate once you’ve informed them of how they screwed up.  

Id recommend the single-family rental because you have more control and you don't need to worry about some greedy operator screwing it up 

Yeah, screw those of you who “think” that.

I’d like to get a group of homeowners together who’ve been screwed by Evernest.

If you think like those gurus or think like those gurus, then you can kick rocks pretty much.Also put aside some money for appraisals, because if you don't do anything correct with a multitude of professionals, you can get sued.Plus these gurus who promise to jv on deals will screw you over.These gurus are pathological liars that need someone to publicly expose them face to face! 

I think I blew 75k before I said screw it this is no fun..