Average rent in the area is ~3100.

reaction.A $500K building should be bringing in $5k/mo. (1 percent rule)If is bringing in $3700/mo total then it is either under rented and the rents need to come up, the building is over priced, or it is simply a bad deal. 

Rent is 1800 and HOA is 400property 2: paid 280, owe 370, worth 500.

However, this time around, things have not been going as well.Six months ago, I entrusted my property manager with hiring contractors and obtaining the necessary permits to get my property rented.

Neither has paid any rent during this time frame and the owner has had to paid all expenses. 

Lived in it for over 2 years and rented it out for $1,000 profit a month for one year and then sold.

Hi, I am currently house hacking a duplex renting one unit tenants and living in the other.

But best practices for Security Deposits (and last month's rent or other funds held in TRUST) is to keep it separate from your operating funds to avoid commingling and using funds for other than their intended purpose.

Just sharing a story here.I approved a tenant (boyfriend girlfriend with 3 kids) to rent our home.I did all of the due diligence including checking landlord references. the girlfriend put a certain email address in the apllication as landlord reference contact.

Rents would be anywhere from $18-20/sf nnn.