@Harlan Cox  Just spend the 1k get your RE license then you do not have to worry about it and expert agents in your state will teach you how to do it.. getting advice from strangers on the internet is not really that great of idea.. you can bounce things around like beach ball but remember who your talking to some stranger.

The tenant payed the rent on time but the check bounced back, so the PM charged him for bounce back fee and also late fee and the tenant refused to pay the rent and the feed.

No forwarding address and the initial letter with a detailed bill bounced back (no post office forwarding). 

I can even email my tenants a copy of their invoice for their late payment or their bounced check.

We had a huge stoppage/cancellation on short term rentals in March and April, but have seen that bounce back and have VRBO's rented out now for the rest of the summer with very low vacancy.

If you want someone to bounce things off, feel free to PM me.

I'm nervous about my first new purchase after years of sitting on the sidelines.3/2 in Milwaukee, 1590 square feetPurchase $42kRehab $25kClosing and carry $3kAll in at $70kRent should be at least $1000, hoping for more.I put it in a rental spreadsheet and after taxes, insurance, vacancy, property management, repair reserve, mortgage at 5% I'm getting $233 netNice neighborhood, just outside the downtown crime area.I don't think Milwaukee is going to bounce back any time soon, but I don't see any huge problems coming either.

If you would like to bounce ideas off of each other or just talk to someone definitely pm me.

Do not hesitate, to post questions and bounce ideas around in applicable forums.

Do not hesitate, to post questions and bounce ideas around in applicable forums.