.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.

You need to find properties that have 20% return to get that return on your $300,000 to match your current expenses monthly. 

We left the Mile High Wonderland and drove ourselves (and two dogs) down to the tip of Florida, taking it all in. 

High cash-on-cash return3.

Risk should be thought of neither as good nor bad, but rather always in relation to the associated reward or returns.

One of the benefits of a series setup is that Members can avoid filing separate tax returns for each series.

You will be dealing with a bunch of people who want to see a return.

Although the broker is claiming it is under-rent and a pro-forma NOI can be as high as $52,883.

Personally, I think the taxes are high and the services you get for your taxes low there.I know people that invest in Detroit but you must know the area down to the street and have excellent property management.However, I just talked to my CPA today about a referral he was sending me who is a client of his that has 30 rental properties in Detroit and selling them all because the City doesn't really help, charges for everything, and they never have given a security deposit back to a tenant after they stayed because of their behavior or lack of payment.

It might also be best to figure out a way to end the lease with the family and get the stuff out unless there's a good reason to think the tenant will be able to return to the home in the near future.