I have done a couple of fix and flips.

Of course, that is only if your intent is to hold it long term.If your goal is to unburden yourself from managing the property yourself, you do have options that offer degrees of hands free management. 

I was never aware about the fact that It's simple to start up as long as you put In the work to learn the topic like the back  of your hand.

I lived for free for a couple years, while collecting rent checks. 

Couple questions for you, as I am an agent and aspiring investor.

It sounds like you're trying to do right by your other tenants while also being fair to this one, but it’s clear the situation can’t continue.First, it’s great that you’ve already put quiet hours in place and handed out notices—smart move!

I have one for my other rentals through a prior relationship but that's a couple of hours away. 

No one is perfect though in RE if your doing volume your going to have a few that are bummers but at least in our program there is control.. not this feeling of helplessness when you hand your money over to a syndicate and they go dark your totally out of control of your funds..

One last question - is your assistant actually hand writing the envelop?

I believe this is the issue at hand its the collateral.when you look at NPN pricing you will see this..