My vague memory is that her deposit covered one month's rent and it took another month or two for her family and/or pastor to remove her belongings. 

I might just be out of luck.That said, is it possible to have each house owned by an LLC, and to have a -SINGLE- management company that handles all of the financials for each LCC?

With good PMs (Knock on Wood) there really isn't much that needs to be done by me other than Federal and State tax reporting, and I can handle that fairly easily (was once a CPA in  a couple of larger tax practices).

Do you have an Attorney handling this for you if so contact them today? 

If you take the time to do proper due diligence, you should have a pretty good handle on what your experience will be like before you invest.All the best,Jack

Big problems in houses can actually translate to big potential for the more experienced, but don't be afraid to take an "OK" deal that you know you can handle, build the confidence, and take on a bigger project on #2.

Newbie here too, I dove headfirst into my first multifamily in Rock Hill SC at the start of this year (8 units) it's definitely been a learning experience but it can sometimes take up so much time I'm leaning toward sacrificing some profit to get a property management co to handle it :)

I will discuss how I handled this on the financing piece after this. 

The price for cap rate is then based on low rent that business can better handle now.

The first few years are tough, but if you are lucky and and you handle your financing well, the ball starts to roll faster every year.