And maybe values back then were lower than what the bank was hoping for, so rents made it affordable for the bank to hold until values recovered.

As some have suggested, I would try to improve the property management situation first before selling out of frustration (for the properties where PM is applicable).

We then carefully renovate and tastefully update them to provide affordable housing and revitalize neighborhoods.

@Ali Boone invests in other states with more affordable prices than California, maybe she can weigh in, as well as @Marco Santarelli

New port Richie, Clearwater, etc.It seems to be a place on could find neighborhoods I may like as well as cheaper housing I can afford to get involved in.I'm in Los Angeles working right now.

Much of it comes from frustration, at least a thousand posts, having to say some things over and over and over, but I've got a plan for that too.

Yes some of these "landlords by default" after having to deal with the frustrations of eviction just want to dump the property.

Make sure that you each have umbrella insurance of at least $2mm.Recognize up front that partnerships often result in frustration and remorse due to inequities in work performed (that is not property recognized in the operating agreement), differences in opinion on how to grow the business (take distributions versus plow all profits back in), etc.

You apply the 3X rent as a preliminary qualifier to determine affordability for your non-Section 8 applicants.

Carrie, I understand your frustration, however the city owns the utility in my area and as the utility has the responsibility to follow city ordinance.