We have 59 units and (mostly untreated) mental illness and personality disorders have (likely) been the underlying causes behind the aberrant behaviors that have prompted every single non-renewal and eviction that we've had in the last 5 years (expect for the drug dealers- who we also non-renew but they are easier to work with).

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Covid is causing people to creep further outside of cities, but it wont trend like that forever. 

If you take the time to gain clarity on those items, you should get a pretty good handle on what your experience is going to be like.The purpose of investing passively is to leverage the sponsor's time, expertise, and ability to source great deals, but if the experience is going to cause you to lose sleep at night, any return you might make simply will not be worth it.All the best,Jack

Either way, no pumpkins will be harmed in the process.We don't have specific IRR targets outlined at this time but it's safe to say 10%+ would be sufficient. 

We don’t know any PMCs to recommend in the Arlington area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Mesothelioma, laryngeal cancer, lung cancer and asbestosis can all be caused by asbestos exposure.

Selling your home will cause you to pay capital gains tax and that takes a huge chunk out of your profit.

Louisiana seems pretty specific about the tenant getting a 5 day notice to vacate in a “termination with cause”.I encourage you to read through this and consult an attorney familiar with evictions to go through your lease.https://www.nolo.com/legal-encyclopedia/the-eviction-process-louisiana-rules-landlords-property-managers.htmlI am not an attorney and this is not legal advice.

Effectively immediately you should see a significant improvement in mortgage rates on Investment Properties and Second HomesFHFA announces they are suspending certain provisions from the preferred stock purchase agreement, which caused big hits to the pricing adjustment on Investment properties and Second homes, among many other affects a.k.a higher interest rates.combined with the removal of the adverse market fee earlier this summer there is a real opportunity to refinance any investment property or second home purchased/refinanced since the summer of 2020