This type of person either doesn’t have the skill set or drive or both to make a non-diversified portfolio work, and therefore should look to diversify.

On the first rehab I hired a contractor for the kitchen, baths and floor and he took the entire summer to do the work and even then he didn't finish he just disappeared (no I did not pay him all of the money).

It's been a lot of work, and it's been very exciting watching it grow.

And thanks to all the staff for all your hard workand contributors who take the time to share their knowledge and insight and make it what it is today! 

I allow my tenants to:- Mail payment to my PO Box- Deposit money directly into my account at the bank- Pay online via Zelle- Set up automatic payments via CozyThere are pros and cons to each of them, but they all work (and are all free). 

And it is not fair to pick and choose to debate over all the points I made and ignore some.this part I agree with completely but I'm at work and c'mon man you wrote out a LOT of stuff to go through.

sorry..i did not get that answer from him but  he said that in the 1990s he was laid of from work and he could survive on his coin operated biz.he also bought a second self coin operated car wash for his 35 year old son after his son became open to the ideahope that helps...

Juan Rubio I have someone who does great work and is very reasonably priced.

You've likely paid a premium for the new work and while it will need to be recaptured, will you still own the home then?

It is no more scalable than being an owner of SFR's but at least someone else (the turnkey provider) does all the upfront work, and a professional property manager handles the operations.