This has inspired me to write a new book on Landlording: "50 Shades of Property Management"

Taylor Shapiro Read Michael Gerber's book the E-Myth!

However, my experience has been quite different from what I've read in the books.

I spent time in a hot tub at the YMCA while I was reading a few books to include Diary of a Hedgehog by Barton biggs and another one by Eric Sprott on gold manipulation;) I came home played with 7 year old boy then ate lunch Chicken Tika Masala bless my beautiful wife.

I follow the legal aspects of this to the letter (via Nolo press: CA Landlord's Law Book; But it's still not as thorough as I need.)

Bill Bronchick's book "Wealth Protection Secrets of a Millionaire Real Estate Investor" is a pretty good introduction.

Read every book you can find about real estate.

All of that being said buy him some Dave Ramsey books.

But there were damages because of a dog & he left us a $525 water bill & the lease was specific about 60 days written notice.I approached her to track him down for payment but he had moved in with another woman (2 miles from our home) & was working off the books to avoid child support & their health care payments.

At 85k I get 417/month cash flow and 18.9% ROI, definitely a BUY in my book.