Not everyone starting off gets hit with this, and if you can buy a portfolio it can "de-risk" the issue to some extent, but if you have one property and experience an 8-9 month fight to collect rent prior to eviction with a large repair bill after that it can be very painful.ALWAYS use a licensed PM in Detroit. 

This might be a workable scenario for me.Lack of experience would not kill this deal for us but it would depend on a few things.Usually the biggest challenge for newer investors is in the amount of equity you have available to infuse into the project.You need to have a cash down payment to secure financing.With 25% Down you would be in a multiple financing offer situation where we're just fighting to get best deal possible and batting off Wholesale Account Execs left and right.

I’m curious if anybody here would suggest letting him send this to collections and fighting it or if it’s just a waste of time.

^^^^This, and I’ll add you need to have a thesis for why an area will not only appreciate but appreciate enough to cover both losses and opportunity cost (I.E. stocks and bonds return money as well) I think too many people get caught fighting the last battle both in counting on a level of appreciation that was a historic anomaly & betting on markets that have already had their huge run, the most likely winners of the last market are likely to be quite different than the winners of this bull market.

He wanted a video to compliment his branding and video style.I tried getting into a fight with a tenant, it didn’t work.So plan B was taking my pants off haha  

That way, all of our locks are in the same app and have the same functionality.For exterior deadbolt locks (front door, garage door), we used this:https://a.co/d/2SFMNcy For normal interior locks (bedroom), we used something like this (the ones we have are currently unavailable, but this has similar capabilities):https://a.co/d/8C6nYenYou can create codes from anywhere without the locks having internet connection because it can create them using an offline algorithm.

Will you have to how a property manager or are you capable of managing it yourself? 

A key driver of Fed interest rate policy is to fight the recent elevated inflation that has been plaguing the country since 2021.CPI is released by the U.S.

Well thats the problem with props you cant drive to.not enough money to really fight this. 

You'll have to travel to the area and start trying to round up some folks, and some capable backups if one of your regulars gets put in jail or strung out on meth.7.