Additionally they need to be oiled and or waxed periodically to maintain them. 

I own properties from the early 1900s, 1940s, 1960s, and early 2000s--and frankly, the older properties are often my favorites, and are often my best performers.One of the biggest misconceptions by inexperienced RE investors is that new houses are inherently "better" and less costly/less headache to maintain than older houses.

While the units do vary in  rental rate from very low to very high, each individually is very well maintained and very well prepped by the various owners.

Or you can do a couple days of research and get this answer yourself, even from a distance.If you bought it for the right price, you could meet your financial goals AND maintain the sentimental connection.

He seems to concentrate almost exclusively on Indianapolis--not sure if I want to invest there either.

Quote from @Frank Jennings: Start the eviction process. https://www.nolo.com/legal-enc...I would reach out to the Tenant, in writing, with a list of the violations (failure to pay rent, failure to pay deposit, failure to establish and maintain electric).

As a rental owner, you will need to maintain cash on hand to cover maintenance costs and the times when the home is vacant.

In relation to running the LLC, keeping a book of business, maintaining the LLC in accord with the compliance that the Secretary of State requires (if applicable), and having an annual meeting are things that you should consider doing. 

Hi Chris,A good PM will be highly communicative as well as offer some insights into how successful they've been in collecting rent, maintaining occupancy, and keeping vendor bills under budget. 

Career wise, my only goals are maximum earning potential while maintaining maximum time with my family; wherever those two points best marry.