Then, a hearing is conducted and you must prove your case.In both Colorado and Texas, the county agencies either sell tax certificates annually or annually turn the debt over to attorneys for collection.It may be the wisest to research your state’s statutes to get the exact answers that apply to the property in question.

They will have to file paperwork and register with that state's Secretary of State that they are doing business there and pay a filing and annual fee.

He self manages, so not running around to show and screen allows him the time to handle maintenance tasks and deal with other issues that surround his business.

Is this a vacation rental or annual?

Regarding the ceiling fan, you might have something in your lease regarding the tenants failure to report a maintenance issue (the blade doesn't typically fly off, it was either lose and shaking for a while or it was hit by something and damaged).If I were in your shoes, and I probably will be someday with another crazy tenant, I would replace the fan right away, with a flush-mount light.

Make sure if you buy a new toilet bowl that the depth is correct size for the wall of your bathroom and also that the toilet has a smooth coating on the inside of the bowl so that waste goes down easily and does not clog.A friend of mine that owns a 140 unit complex started putting in the cheapest bowls that did not have the smooth coating and the smaller opening and plumber and maintenance calls to unclog went through the roof.

The one she last told me about is the HOA was suing one homeowner because he was had a porch light greater than 60 watts.The last property I owned within an HOA community was spending an average of $50,000 annually on legal fees.

Forgot to mention - I would pay cash for the property and I have factored in 10% annual maintenance/repair, 5% self managing cost; $1393.00/year property taxes, insurance, utilities, and 10% vacancy/bad debt/collections into my spreadsheet.

I just left active duty Air Force last summer (former maintenance officer).

MFRs often have more maintenance and clients involved.