I think most slumlord's are making their lives their business and society worse by not treating their tenants like people and it seems to come from some kind of zero sum life philosophy when a tenant landlord relationship should be more like having a good relationship with a co-worker and hopefully be positive sum.

The stress of putting every piece of the puzzle together that makes a deal can be stressful. 

I also suggest you being nuts has nothing to with age, property management is a thankless, stressful and really risky business. 

They should have connections in the business for the client to leverage to minimize stress.

@Christian Rozo I can’t imagine the cash flow would justify the added stress of additional personalities, roommate issues, vacancies, Bill splitting, etc.It would have to be significant to warrant a non owner occupied room by room rental IMOMo’ tenants Mo’ problems

While you are there you can fix things up, cover your mortgage and build some equity.Now the thing that I would stress is that you calculate what the property will cash flow for once you move out. 

This gives you the greatest equity in your replacements and eases the stress of the 1031. 

Flips are risky and stressful.  

Found a 3BD/3BA 3200sqft cabin on 2+ acres in great condition, but in foreclosure and owned by Fannie Mae. It went to aution of course, and I have no idea what the bank is in the property for. It is listed for around ...

Lessons learned: - HOA covers trash and grass cutting (lower stress/risk) - HOA ensures outdoor and roof are in order and functional (lower stress/risk) - Townhomes are SIGNIFICANTLY less to insure - Townhomes rent just like any other single family home - I likely won't get lifetime tenants in this location, but am surprisingly getting rents comparable to a more expensive Nashville suburb Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?