Haven't walked a property in years and just did one with my team a few weeks ago.I forgot the thrill of seeing these things derelict and then fixing them up.What a pleasure to see the transformation.What started as a simple dream for me of moving to the US and buying, fixing, holding a few properties and moving back to Australia turned into thousands of rehabs, many companies, staff and monsters with 17 heads lolIt's nice going back to the basics of how it all began.Just simply checking out distressed properties, negotiating, buying and fixing them up.Ahhhh, the good old days 🙏

But because this was not an arms-length sale, the tenant could simply be notified of the change in ownership and where/who to send future rent payments.

You did the hardest thing, which is simply buying that first one.I may be biased (no, I'm definitely biased) but @Erin Spradlin is kind of what you're looking for in terms of hand-holding.

I have seen this work in high priced markets like San Jose Ca.. where the property owner is a very wealthy business person with no time for rentals and the person they sublet to is close t them either friend or bizz associate and will work the property to make  the delta as the owner just does not want to mess with day to day and there is extreme trust.The other thing I have done personally is with the insurance companies ..

Like Mija noted, they cost real money and time to maintain, and I simply was not deriving enough value from either.I had no intention of GC-ing jobs for clients, which is about all it would have allowed me to do that I can't do already.  

Luckily, my brother is a software engineer so he put together a website where new tenants can simply click on "apply."

They will sell you a t year, all inclusive, no deductible, extended warranty (6 years total) for 10% of the price you pay.

https://www.realtor.com/news/t...

Quote from @Kenneth T.: Send your technical problems to support by emailing [email protected]

Put simply, an $8mil portfolio throwing off 6% would get you to $480K per year.