Account Closed Great point on "buying a job" But if you think about it, when an investor buys residential(commercial or true residential) property and self manage, aren't they also buying themselves a job?

@Jordan LaneIt's been awhile since I've taken accounting classes, but one thing I remembered was that it is always better for a business to rent than own their space.

Originally posted by Account Closed:@Donald Hendricks Sorry to hear that and be a good landlord and let them out of the lease and refund 100% of their deposit.They want to stay, not really a whole lot of options really right now, and I am not charging them rent until the repairs are made, minimum 1 month free.

I have to basically call the state in to do a study to find that the apartment is uninhabitable (which it is far from) for the tenant to vacate...

Obviously though, if the tenant the OP is referring to has an eviction history or as a package was just a poor applicant, then yes, the PM should be held accountable for just ramming whoever into the unit to fill the vacancy.

Account ClosedWe as a nation are definately in uncharted waters with this tragedy. 

Did you account for vacancy and maintenance and capital expenditures?

I am curious to know what kind of issues we will have to account for if we do decide to proceed with any type of investment housing on this property

So we said, "in that case, the money will come out of this savings account that been opened 20 years, is that seasoned enough?"

@Patrick Philip  Most realtors opinions are **** and they cannot be held accountable legally when you make financial decisions based on their advice.