Feel free to reach out! 

Feel free to reach out if you have any other questions! 

Can you give a cost breakdown?  

Just help with due diligence to see if it can be done (you can do this yourself/free if you have the right questions to ask) on your lot or someone to take you through the entire process? 

Those situations go bad more often than not, costing you money and the friendship.

If a prop is 250k and you can refi at 70% LTV you want to get it at 175k minus rehab costs.

Feel free to reach out if you would like a list of avail properties!

Plus, you have to pay the cost to be the boss.

You should only be liable for tax on any appreciation since you inherited the rental (minus the cost of your improvements). 

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.