That being said, we managed a couple of properties for one year for a man who bought them from us and we did a "mid month" report (written, descriptive) just to let him know what was going on so there wouldn't be any surprises when we did our report on the 3rd (we always did our "end of month" report on the 3rd, after bank statements cleared and were reconciled, at which time we could also tell him if all rents for the next month were cleared, and if not, why. 

@Reggie Maggard not always but I give her couple hundred here and there.

I'm from Alabama and I will be here the next couple of months.

I also think that those "outside factors you have no control over" that contribute to a neighborhood improving have been a guessing game, but are actually able to be tracked because of advances in technology over the past couple of years. 

That property provided us with a 50% IRR (I have the Austin market to thank for that).A couple years after purchasing the condo, we started looking for our first duplex.

Call a couple and ask about pricing.

I would ask a couple lenders or brokers to send you some estimates with ZERO upfront fees to compare.  

It is ALSO coupled with immigrants coming over through refugee services as we are one of a select number of "cities" elected by the powers-to-be as such.   

This is important because I believe we are getting ready to enter a round of foreclosures and we want to be in a position to pick up prettier properties than we purchased last go round.We are also working on converting our PM business into a franchised brand with Property Management Inc, that has a support structure not only for residential rentals, but also for short term, commercial, and association managment.  

Here in Chicago I made a mistake on a close and forgot a couple of things and so expecting a certain profit and getting less is very disappointing.