Interview, check references, and visit property currently under their management to feel comfortable about how they manage.Option 2:  I wouldn't consider an MBA unless you're genuinely interested in the education. 

This has proven to be a very challenging and cumbersome process. the more I get in to this business the more I hear that pre-foreclosures and distressed owners may be a better allocation of my time and efforts.

It is 25% gauranteed ROI for no effort.

That's nuts.The tenant's refusal to pay late fees is an interesting problem -- with OP's tenant so close to moving out, I agree that it's best to make an effort to improve the relationship and not draw a red line.  

I learned a lot along the way and am excited to finally see my efforts pay off.

I think the way they promote the idea that RE investing should inevitably be quick and easy is doing a disservice to those genuinely trying to learn.

My wife and I are looking for multifamily properties and so far have not been very happy with what we could find in Macon and have begun focusing our efforts elsewhere.I'd be more than willing to answer whatever questions you might have though.

If any given state attorney general doesn't want to strike a deal and wants to further show the harm bad originations made, perhaps in an effort to increase the idea of damages, that could put all or most of it in review too.I don't know if you saw the other thread where we had some discussion around the concepts of extension risk to lenders and contractual obligations of Mortgagees and Security Issuers as also being potential triggers.  

Property is back up for sale and then another victim buys and falls prey to the "attractive" cashflow only to loose out once again.I was also advised by people I do business with that its very difficult to make the numbers work on such complexes and that its better to put the time and effort into a more profitable and lesser headache elsewhere.So pretty much I have decided to stay away.Thanks for reading.

It seems like they’re focusing all their efforts on trying to scale their business without taking the time to implement the proper systems and processes, which is just a recipe for disaster.Last week, Jay told me our property was finally done, minus the punchout items, and was inspection ready.