You can find a VA or a younger person to pay.

He left on his own, but when all was said and done, he owed me over $8,000 in unpaid rent and damages to the property.The lesson I learned was to have my processes in place and treat this like a business.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

@David Spangenthal They have an interesting business model for sure...and if it works for you and you are comfortable with it, then go for it.

Starting a business or investing can make a person feel scared and anxious -- start anyway.I'm not much of a planner and bought my first home in 2017, I didn't have the capital for the downpayment at the time.

As an investor I personally have two in Colorado.

That seems more than just a RE investment: To me, the casino aspect of the investment would require specialized expertise (knowledge and individuals in place to make sure the business is a success) that seems to be a greater risk than the RE side of the deal.

For example, when you call Apple support your call is first picked up by an IVR that sounds like a real person who routes your call.

Personally I see money orders as a pain to deal with both for the tenant and for myself by adding unnecessary steps. 

We personally won't look at a deal where we don't think we won't make at least $50,000 after all expenses and closing... and truthfully we are usually wanting closer to $100,000 or more.