If the property management fees result in negative cash flow, then I would argue you haven't purchased properly.

Sure, they don't make for sexy headlines, but I would argue they are just as impactful as the technologies discussed in the article.

That being said, your debt service will be so low relative to your high cash flow and the amount of work you need to put into the property is SIGNIFICANTLY less than the expectations of the tenants in those neighborhoods listed above.I am not arguing this is the one strategy to rule them all, and honestly is not my cup of tea, but it is one that pairs well with your stated goal.

I'd argue that in real estate, it's more likely to go unreported, thus it's also more likely to go unenforced. 

I would recommend that you read the following books: "Million Dollar RE Agent" by Gary Keller, "Million dollar investor" by Gary Keller, and "The Abcs of Commercial Real Estate investing" by Ken McElroy.

So if you have family there and you wouldn't mind visiting you could always have a family member submit the eviction paperwork on your behalf and then you could fly in to argue the case yourself (in my experience it's both simple and satisfying) though if that's not an option definitely do the legwork and hire a lawyer at a set price (also - any type of lawyer can do an eviction - from family law to ambulance chasers - it does not have to be one who specializes in evictions; plus eviction lawyers tend to charge a lot more). 

@Sanjay GuptaThe issue you have is that if the real estate was not titled in the name of the business entity - the tax documents will be issued to the social security number of the title holder.Nominee in when you mention that you received income/deductions in behalf of someone else.So I would do something like this on your return.Report the income on your individual return and back it out as an equal expense and mention that it will be reported by entity "ABC, LLC with EIN 11-1234567"This way the IRS/States know that you are not missing the information.Then it is your job to have it reported by the business entity.The business entity will distribute a K-1 to you with your share of the income.

Now, you are attempting to argue semantics with what cap is.

If you have not read these books you should check them out Million Dollar RE agent by Gary Keller, Million dollar investor by Gary Keller, and The Abcs of Commercial Real Estate investing by Ken McElroy.

I don't know if it's the areas  or city (New Orleans) my rentals are in, but I've received this pushback from about 25% of my previous tenants.My "favorite" tenants who argued this had only paid first month's rent and half the security deposit upon move-in.