You don’t make enough money to pay someone to run it for you profitably, and if your not willing to put in the extra hours after work once you’ve acquired the unit to get it rent ready and producing, your just fooling yourself.

@Troy Jones Even though it sounds like it may be tougher to find a deal in the market you ideally want to operate in, I would recommend taking the extra time & effort to find a deal in a location/market you are comfortable operating in. 

I guess you should just wait around for her to burn the place down 

I get burned out driving from the suburbs to my rentals in Portland so I can only imagine how your friend feels!!!

As a new investor you have to be extra vigilant in your due diligence of the markets, the team you are considering, and the particular properties. 

Initially I paid the 1250 then I had to pay an extra $200 contract fee then after paying the $200 attorney free, and he requested a final fee of $400.  

Based on the extra $275/month - I'm looking at about a 12.5% ROI but even if we don't command that and pull off $750/month, we're still looking at over 10% and more importantly a better quality tenant situation. 

I think I might get my real estate license and sell some houses on the side to bring in some extra income so I can get into the game for myself.Looks like that might be my best option for getting the capital needed to move forward.

@Steven Young, I have attended an auction (Dekalb county) and what I could realize is: As it is a redeemable deed State You gonna buy the property and only will be able to gain possession of it after a year (redeemable period) - also going to take some extra days to deal with the foreclosure process.

They've also took an extra month to remove a delinquent tenant because the Virtual Assistant "felt bad" for having to not renew a family, even though they weren't paying all the rent.Instead of insulating the owner against any management issues, they're basically forcing me to manage the situation--which defeats the point of Property Management.Thus, I'm paying the same amount of 10% management fee for a service that's gone severely downhill.Am thinking about switching.Question:Anyone have any recommendations on who I might talk to for managing SFHs in the Cordova/Germantown area?