I have been able to make really expensive houses work! 

@Tina M Mckenna-Gilleykudos to you for wanting to learn more and make RE part of your portfolio but... unfortunately, I think this is a really, really tough time in the market cycle to try for cash flow, especially in a short period of time.you could house hack - where are you located?

He knew he technically was still on the hook for the rent, but apparently he trusts her and her parents enough to make rent and the situation not to cause any issues for him down the line.Since first talking to them, they have now come to some agreement where he is fine with signing something saying he's not on the lease anymore. 

As part of my due diligence, I always ask for proof that the prospective tenant has paid the last month's rent.I personally don't care how much praise the current landlord gives me about the prospective tenants, that could be a smoke screen to get rid of the trouble makers as fast as he can.While it's not 100% fool proof, if I don't see a cashed check or other proof that the tenant has paid his current rent, I'm going to put this tenant through the grinder to get every single detail I can.I consider this kind of check to be more important than an Eviction check.

On a project most investors like 1 decision maker.

Believe it or not a trailer park keeps coming up as a possible money maker.

Many successful PMs also buy and sell RE, with the brokerage side of the business being the actual money-maker and the PM side providing stability compared to the more volatile sales side but not really generating much profit, except as a feeder of leads to the brokerage side since the owners of the properties they manage are likely to use them to buy and sell (assuming they treat them well).

It's possible to find a deal in such a case but it takes substantially more work and you're dealing with a third party instead of the decision maker.

So if you buy a property for $100K, incur $20K of depreciation and then sell for $120K, you would pay the capital gains on $120K - $100K + $20K = $40K.I think a lot of people have a misconception that depreciation is a huge money maker/saver...in most cases it is more or less an interest free loan until you sell the property.

Zelle isn't a money maker by itself for member banks, but it requires you to have an account with them.