I told him your taking on way too much risk you have no clue as to the tenant base.he bought it for 20k a door dumped 20k a door into it was negative cash flow got it to just about break even .. then the bad started happening started bleeding them.. units trashed Murders sex assaults violence left and right sold it lost 500k to the next OOS investor who thinks they can come in and stablize it.Reedy there in Memphis has the right idea I looked at one of his projects.. 

In my opinion, the members of the HOA's are like a bunch of older A-hoes with some sort of Nazi mentality and because they are too old to have sex they get their jollies driving around the HOA neighborhood peeking both in peoples yards and inside their homes.I've received notice from the HOA from some very sick HOA organizations and I will give you a small list of the complaints.

@Alex MondragonYour generic protected classes that you can't discriminate against are as follows. race, color, religion, sex/gender, national origin, and handicap. 

So you're OK with drug dealers and violent sex offenders living in your rentals as long as the roommate is a good person?

There are 19 criminal and sex offenders residing within less 1 mile"

I think landlords can run into a lot of problems if they rent to sex offenders and illegal immigrants.

Just paying their utilities I would lose money each month.When I talked to the tenant, his agreement was with the foreclosing bank, and he and his friend living there were registered sex offenders.Since they were month to month, I gave notice to raise their rent above market rate so they would go on their own, and they did. 

Prospective tenants are screened for prior evictions, judgments, liens, bankruptcies, criminal history, sex offender registry, terrorist activity, and credit worthiness.

To boot, I checked the sex offender registry, and one of the two sex offenders in town currently lives in the building.

@Bao-Chau Tran Doing an out of state investment to me always comes down to trust.