They never pay off, always end up declaring default via some means...Do:  - Create a CFPB complaint:  https://www.consumerfinance.gov/complaint/- Call the GA Banking division and complain their too:  Half way down: https://dbf.georgia.gov/consumer-resourcesIf you are an investor, want to become an investor, join the local REIAs.. 

My only concern would be finding and interested tenant - I imagine cleaning a 3/2 house for every guest would be very time consuming, so the tenant would need a pretty flexible schedule.

I'm much newer than you around here =) I've been consuming information for the past year, aiming to buy my first multifamily soon.I've been to the NHREIA in Manchester twice and have signed up for the rehab bus tour in a couple weeks!

Prep Prep Prep.Clean/de-grease WELLSand with 220 grit ( if you skip this step you will be touching up a lot where it chips off) Damp WipePrime with Bullseye 123 Grey Primer ( if you don't do this and follow up with a light color it will probably take 2-3 coats)Single coat of Behr MarqueeI've done both ways, taking doors off to paint and leaving them on.I would never take the doors off to paint them again, way more time consuming. 

Do whatever you can to increase your income, save-save-save and avoid consumer debt.

Now that I've consumed a ridiculous amount of REI information, I'm ready and will be closing on my first deal this month.

@Nick Causa the reason is when lending to a consumer, the lending laws become much more strict with all kinds or regulations that are not needed for commercial loans.

I will not give up just one bad tenant.I filed eviction yesterday and process server will deliver to tenant.It is very stressful and time consuming to all the eviction process.Learned a lot by expensive way; should not trust all paper works by tenants provided.I need to handle professional way and more tenant screening.Hope this will be my first and last eviction to tenants in the future.

The time consuming and therefore costly part of the job is drilling the holes and running the romex.

Are so much things that would not be as good when the owners themselves wouldn't manage it.An other point if your buildings are so time consuming that you are busy with it all the time, then I agree, you should hire a pm........ my main busy time is the first month after purchasing the buildings, to get it running, but once you've set it up right, it should be very easy and non time consuming to wrap it up... it seems to me like I mentioned,  that people read a lot and then get caught up in their dream bubble,  and they put themselves on the same line with Grant Cardone or other huge re players, and they think they don't have time to manage....... work hard so you'll earn money to buy more dealsand even when you'll have 1,000 units and will be very busy, it is still cheaper and better  (for the ones that can handle it) to pay your own worker to manage it, rather than just giving it over to a different third party company. .Regarding your point about my friend paying the whole management fee, I am an honest  person, and that's why I succeeded till now,  and I don't know, maybe I'm missing something,  but the way I look at it is as follows, if we would pay 10% for a pm company, let's say it's $10,000 a year, I would pay $5,000 and my partner $5,000, so now if I manage the property I see no reason why my partner should pay my half....