If the repairs are manageable and you’re getting at least a 10-15% discount, it can be a great deal—but avoid properties with major structural failure or uncooperative sellers.

Here's her most recent thought on the matter if it helps: "Lack of inspection during building by project managers [is the problem].

If I have a homeowner client that wants to play games, I'll gladly help transition them to another manager.

Purchase price: $250,000 Cash invested: $14,000 I purchased and managed a rental property in Chicago, focusing on strategic improvements and tenant satisfaction to increase both its value and profitability.

@Jason Brown - I'm a CT based investor, flipper, and property management company owner.  

To move forward, determine whether you prefer local or out-of-state investing, cash flow or appreciation, and self-management or hiring a property manager.Good luck!

If there is a property manager, your success rate is going to be very low.   

Property Management Is Still WorkEven if you only have one or two tenants, you’re still a landlord—which means handling maintenance, lease agreements, and potential disputes.

It puts a face to management and allows to open doors for repairs if need be and makes them aware of who owns property now.

Then you can manage the calendar.