The town owns the lake, so they get a little more leeway there and people who own $4 million homes don't want to see mud flats, so the lake stays full most of the time. 

Current systems and tools:- Assistant to manage payments, invoices, ensure rents come in and chat with tenants for issues- Melio for vendor payments- Baselane for banking - separate accounts for each rental and deposit- Google sheets for Income and Expense reporting- Azibo for rent collection automation with late fee automations- Drive for my leases, SOPs, and documentations of tenants move in/move outGoals of improved system:  ensure I have a read out of how each property is preforming month over month, check on big expense items, ensure vendors get paid, mortgages get paid and rent is coming in, generate APY on float and savings for any big CapEx that comes up, and make my life easier come tax season.Is there a single software people use or what do you do for your business systems to optimize all of this?

It's  wrong, but they have to project to keep people on their feet.

Most of those people have nowhere to go, so it's part of the process.

I doubt the OP will be able to meet either requirement.As I understand it, personal bankruptcy is reserved for people who are insolvent or on the road there. 

I would echo what many other people are saying - decide what your reasons are for purchasing, is it purely based on returns or is it somewhere you'd like to also vacation?

I posted in another forum about these people.

Saying there are three people living there when only one is on the lease is good to know, but hard to prove; getting video documentation of three people consistently entering/exiting the property substantially alleviates that difficulty.During your due diligence process, you probably obtained a copy of the existing tenant's lease to review.  

Full time happens with 100+ units and often you see people scale a business on the side, like PM, construction or something unrelated like a resort in Costa Rica ;-) I am no different - I "retired" from my corporate career in 2015 and quickly realized that I can only watch so much daytime TV. 

People get so fixated on rates, that's just one small piece of the equation.