As long as you pre-screen tenants well, most of the time there's not a lot of time involved unless you own a property in bad condition or get the wrong tenants. 

Hey Nick.My name is Mario,  and I help real estate investors to automate as much as possible their Deals acquisition process through the use of effective social media ads and a personalized system that will make everything work effectively.Think about it as a robot finding deals for you.Any question regarding marketing applied to real estate... ask Mario Nice to meet you everyone in the forum

I’m looking to get involved in the local real estate community.

If I apply the $30k LOC to the mortgage principal, the total interest reduces by $63k to $41k total and the mortgage is paid off in 17 years. 2) If it takes me 10 years to pay back the LOC, the interest paid on the LOC will be $10k. 3) If I just make an extra $300/month principal payment, the total interest on the mortgage reduces to $47k.

I have a tenant who applied and said they were never evicted.

@Jordan Moorhead You are correct about the prop. tax issue, and there are also ways around it (not that it's smart to even get involved in the first place).

If he say no then you can walk away from the re trade Idea. how many investors are involved in this this partnership/ syndication? 

One philosophy that applies here is the availability of money is more important than the cost of money.

We all know the latter numbers generally aren’t realistic (for turnkey rentals with zero work/involvement on my part).  

Does this property involve a TK provider?