New builds are fine, but in my opinion you're just buying something with all the priced in factors and it doesn't mean they won't have issues.

However, she’s late on her second month’s rent and gave me a heads up that she’d be a bit late and will accept any fees on the 1st day of the month.

Enter recurring charges and automatic late fees.

You want an aggressively negotiated purchase price, low closing costs, lower property taxes, affordable insurance, minimal HOA fees, and competitive property management fees.

And units should STILL cash flow with the vacancy factored in.

He was charged around $4k for legal fees to remove the tenants, and $900.00 for each eviction and removal by the property manager.

This will likely be a cash for keys situation.This will likely be a cash for keys situation.This will likely be a cash for keys situation.Because they have been there for over ten years, that is one qualifier for relocation fees at a set price.

You'll still need to do some of your own leg work when vetting tenants, but it's easy enough and will save you the ~10% management fee.

Appreciation and cash flow (in addition to sale price) are all important factors when it comes time to resale and exit that particular property. 2) what class neighborhoods do you wish to invest in?

If a property owner is not paying HOA dues and fees, the property taxes are probably delinquent.