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In the end my buddy and I nearly broke even after we included the monthly payments that we collected.

I'm basically here to make connections and collect information.

The property before the 1031 exchange was collecting $1600 a month rent.

Tenant move out in the middle of eviction process and we are unable to serve him.Any suggestions on how to proceed with money judgement as we cannot locate him to serve him ? ( Des Moines , IA )

To avoid actually collecting money every week the lease agreement stated that the term was week to week, but if you paid in advance for 4 weeks worth of rent on the 1st of the month, you would receive the remaining days of the month at the discounted rate of being free. 

Even though rental properties can be somewhat passive, there are still things to keep an eye on, like collecting rent, making sure utilities get paid, ensuring property management is doing their thing, etc.

Having all my bills go on a credit card and paying them off last day in full. then collecting the bonus points on the card.

You collect market rent (You might be collecting less net rent without a PM, you’re essentially managing for free.)

This frees you to focus on higher-value tasks like growing your portfolio, owner communication, and big-picture strategy.2.Adopt a Portfolio Management Structure: Early on, I ran a departmental structure (separate teams for maintenance, leasing, collections, etc.), and it caused inefficiencies and communication breakdowns.