Every time I started to make decent returns, I would have to scale up infrastructure, and that would eat up all the profits. 2) The profits, if any, per hour committed, are horribly small.

These are horrible loans and I counsel my clients against them heavily unless you are doing a value add type project with a fast turn around.5 years does not give you much time to pay down the principal to offset refi shock if you do not want to sell.

Wow Scott W. that sounds very horrible.

I'm so glad to hear you found a great tenant after having a horrible experience with the prior one.My question is, have you bought any properties since then?

Sorry for my horrible spelling - I can't edit the title unfortunately!!)

In Georgia,  properties tend  to be taxed about 1.25% of value so I'm guessing they have this assessed at about $120k, Which also suggests the tax assessor thinks this is a horrible property.

The problem is I LIVE IN CALIFORNIA which is a horrible place to start (from what I hear) but my job is here so I have no choice.

We have horrible tenants.

I used them but as you can see with my post they really cannot find a tenant so either this home is in a horrible area, there are an abundance of rentals in the area, the price is too high @ $500 or the PM is not doing a good job getting new tenants (or most likely a combination of all). 

It's still a decent review, not horrible.