I ended up just letting her out of her lease early (she'd already been there almost 3 years, anyway), as I figured if I didn't, I'd be forced to evict and she wouldn't have the money, anyway.

Property Management companies sometimes have arms of their company that can help in sourcing properties, rehabbing if needed, then tenant placement.

------------------------------------------------Aon Affinity, the program administrator, and QBE, the underwriter, for the Aon Rent Protect Program (“ARP Program”), have agreed to terminate marketing the ARP Program effective February 28, 2014.ARP Program policies sold to landlords will remain in force until the end of the current annual policy term.

Mike M- You forced me to think about States I bought in-but I'm old....AZ, CA, CO, TX, OR, UT, FL, owned AND actually lived in these 7!

Other team members can be accessed here.Go to IREM.org search for ARM certified property managers.

If you're buying it at a 4% cap rate and can increase it to a 7% cap rate by forced appreciation, and the area is selling for 6% cap, did you get a good deal?

But you will be managing a property many states away to transient tenants who you are forcing to coexist.

We have been educating ourselves for the last 6 months and have now met a mentor and are ready to jump in with both feet.I am currently active duty military (MOS of 18E) and am stationed at Fort Carson, CO with 10th Special Forces Group (Airborne).

-We then approached the last 2 unit holders and asked if they wished to sell. 1 of the 2 needed to get out so we picked that unit up via a short-sale (86% owners)- The last remaining unit holder paid all cash for his condo in 2007 and really wanted to stay there long-term vs. taking a bath on the saleNow in the lovely state of Arizona we could have or still could effectively force the remaining unit holder into selling at fair market price and he would have absolutely zero vote in the matter.

Ah, good point on the arms length idea.