Small home repairs and late night phone calls are a minute part of land-lording, there are also a lot of legal aspects involved. - City rental certifications can be required- There is certain paperwork that you need to give someone at the time of signing a lease with them (lead based paint       disclosure and pamphlet, inventory checklist, etc...)- If someone stops paying rent you may need to go through an eviction process- When screening tenants you need to do a thorough check of who you're renting to- There are several Fair Housing laws you need to be aware of when placing a tenantOften times, a PM company will even be able to cover their own cost by receiving the highest rental amount possible for your investment, most likely higher than you could by yourself due to the exposure and avenues they have for marketing.

She was two weeks late with the rent, she won't quit smoking inside though we've asked her to, a few other annoying issues and a lot of lying.

This basically means that I cannot start renovations until after closing, so am I looking at late May?

My exit strategy is $300k, or when the Raiders finish their stadium in 2020.

I am just finishing paying off my 28k in student loans and looking to turn some of my extra cash into an investment opportunity. 

I just recently finished this book and it completely changed my long-term outlook.

., and became late on his most recent rent.Personally, if the house was in pretty decent shape at move-out (accounting for normal wear-and-tear over the past TEN years,) I would be okay with returning his deposit. 

I often walk to the grocery store because I can rarely find parking at our local Publix :(I think I am late to the party, but imo the question I think comes down to asking what does your dream look like?   

Wondering if the damage and late/no pay is worth the cheaper housing?

It all boils down to the finishes and expected construction composition.