Fast forward to 2017 it has become the biggest hassle dealing with other non-owner tenants.

Gives us a bad wrap and more to clean up.

@Michael Smith When you buy a short sale or REO you will get a clean title from the title company.

The condos rent for 1500 but be careful as most condos are non warrantable.

He left our property in dismay for months and charged us a Change Order for demo work but could not be bothered to clean up after himself. 

You may be best off just non-renewing his MTM lease so you can clear the place out of all bugs.

It is now 6 years of non-payment and the one lender who is willing to finance our first property is requiring that I first catch-up the maintenance fees from the past 6 years. 

If, on Monday, I were to put a contract on a property that I knew I could sell immediately, and if I had the cash to close, then the only other thing I'd need was clean title, which takes my closing attorney about 3 days.

If I were a betting man, I’d guess that opex would be closer to 50% given a lot of expenses are fixed (lock change, carpet cleaning, owner paid utilities, appliance repair, just to name a few) regardless of a unit renting for $500/month or $800/month.

In Texas, NON-Realtors like myself, CAN use the contracts that Realtors use, and I usually do.Once you start doing a bunch of direct marketing and driving for $$ you will have to get familiar with contracts and the whole closing process.