Headed to my first courthouse auction on Tuesday to see what the process is like.

@Shawn Thom looks like you have a good head start on this one.

@John Blackman,You are correct but when you sue the owner of the LLC and the LLC, the lawyer will go after everything the owner has, and I know gurus say put a crack head Susan on the LLC to distance yourself, but that trick will not work.

Then DOUBLE that in your head and then get to work on some real numbers. 

Erik Hitzelberger,I am sure you have insurance to protect you if someone steals everything you have and did you let the insurance company know that you are giving the key ever crack head or wine o that want to look at your home for rent.

However I am new and I want to figure out the best and not get in over my head.  

Never want to give away free rent in my head so my policy is still: 'make the payment or don't make the payment; just don't park your car with the oil leak in the driveway'

He told me if I ever consider PMing to just go ahead shave my head because I'd pull all my hair out in the first year.Some folks are quite successful at it, but I can't imagine you'd be excited with the $/hour return when compared to rental properties.Another option would be to consider investing out of state - you give up some of the control you have, but can get much better returns and pay somebody else to deal with the headaches.

You don't need to disclose the water intrusion that happened in the past if it was completely remediated.Now again, it could be state specific (based on the disclosure form) and it could be that this attorney had a different opinion than others would, but that's the guidance we got.The bigger issue in my mind for the OP is that the old agent DIDN'T disclose this information for several months and is now claiming that he added it to the MLS due to the requirement to disclose.

While there are some hard headed types that are all about their rights, in reality unless you have deep pockets it's better to retreat and live for another day!