So, your strategy of a downstroke and then payouts over time make sense.Obviously, the seller would like 100% cash upfront, but those days are gone! 

Hoarders get attached to their belongings so not only do they not want to let go of all the stuff, they don't want to leave.If it's an heir of a hoarder, the play is easy.

You'll do so much more in a team.  

If the latter, then no it is unlikely you will be able to live off the rent because the expenses of carrying the house are so high. 

I'm assuming my friend has the right to do so since the tenant hasn't paid their utilities, and they are officially no longer a tenant but a squatter until the sheriff comes.

So you net $300/month.A property manager is usually going to charge 8-10%.  

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

We constantly get offers on our out of state properties but have no interest in selling, leaving to our kids, so no “deal” to be had until our kids own them.

Learn how they work now so when the opportunity presents itself, you're ready and know what is available and how to use them 4.

So awesome @Yosef Lee!!!