If a real problem with the tenant does arise, be swift in your response.I am surprised so many are quick to say evict now.

You will be paying not only for a swift and professional eviction, but also will receive the benefit of an education about the proper process.

I used to move to almost market in one swift move but found I liked this better overall. keeping it month to month allowed me to change my mind.

Let's also look at reality, the note is called, the clock runs, the lender takes it to foreclosure, as this attorney mentioned, the non-judicial process is swift in Texas, and they foreclose.

The COA filed their own foreclosure to protect their interests and completed it swiftly in 7 1/2 months (filed 4/28/14). 

Truth be told, I admire the way they completed the deal so swiftly and I command them on that.  

Then be fair, firm, maintain the unit, respond to tenant needs in a timely manner and be swift in enforcing the rental agreement if a tenant violates the terms.Good luck!

While shopping for the best PM, look for those who manage their own properties too... then see if they follow the golden rule.I also believe one needs to be swift, firm and fair when dealing with any vendor who is not  performing well, including PMs.

Having said that, Congrats on taking swift action and making it work!

They don't have magnificent cap rates but my worst case scenario for not being able to identify another multifamily was to simply purchase a NNN and collect the income.