He mentioned they’ve had trouble paying on time lately.2) This place rents for $1,500 now, could be as high as $1,650 fixed up more but the total mortgage payment with taxes and insurance would be about $1,500-1,600.

Others like the low cost of the mid-west and have the, skills, time and energy to manage a project long distance.What strategy to deploy will depend on your goals and what your skills, lifestyle, and capital allow you to accomplish and the balance of those 3.

I’m focusing a lot of effort on growing our property management business this year.

Many of them are right next door to eachother so management could be made more efficient.

I dont think i can change the picture location because it is the Property Management website but I will ask. 

BTW, this is where having a real estate agent is useful as they manage these details and explain them to you so you don't have surprises like this. 

Sometimes properties with clouded title are sold using owner finance.5) Talk to a property manager to ensure these are good rental areas and the rental income is not artificially inflated by an unethical seller.6) Do the math on the repairs, monthly income, monthly expenses all make sense.

They also offer potential partnership and more efficient systems than I can offer on Rehabs, management, etc...I love to work with investors, it is the folks that are never going to buy that want hours of advice for free that are the tough ones. 

I would also lump "assets under management" into this line of thinking.  

Some systems can't keep up with extreme heat, we had complaints about this all the time in the community I managed.