A final note: there is a "black hole" around 200 units where you become less profitable because you have to hire more help but the income takes a while to grow.

The reality is that if you've already got an appraisal for $10k less than you paid, you're starting in a hole that will be tough to dig out of.

If you could post a picture it would help.There are few different sized boxes that are used, but usually a new light will have multiple sets of mounting holes on the bracket to compensate for different lights.If the tab is broke off the box, you may be able to use something like a toggle fastener to make it work.

There is no way you can not be massively in the hole every month renting out at $2K. 

I just wanted to give a summary of the hole I dug myself in, but thankfully due to property management I was able to get help.

well that narrows it down to a 1 out of 20 chance although I suspect 10 or so sites just won't work no matter what.Logistically Texas is down in a deep southern hole compared to other markets that are much closer transportation wise to most of the US population. 

Tenant of 2 years moved out and left the place barely broom clean, but with food and dishes in the kitchen cabinets, lot of nail holes in the walls, the floors in dire need of mopping and marks on the walls.

Don't be that a-hole landlord.

Hello everyone, my name is Jason and although I have been a lurker on on this site for a few months I just recently made the commitment to take this rabbit hole of real estate investing and all that encompasses it seriously.

I'm wondering if I shouldn't drill a small hole into the bottom of it to allow drainage, or not worry about it.