No matter what way I look at it if the tenant even makes minimum wage and gas is cheapest in the country they are spending a huge magnitude more in time and gas using the old fashioned method of hand delivering money orders and checks than going online to make a payment.  

Anything extra is a bonus.At some point in time they do get a new tenant, they do not properly screen because they have never done it and they get a bad one. 

Could end up costing a lot more in time and money.Buy and hold is a great way to generate cash flow in an appreciating market.

And landlord DOES file, it DOES go to court, but tenant in time has been looking for a new place because it's just too much, they dealt with the mice, and drafty everything, and the weird smell that started a week after move in, and the - and the- and the but this whole heat issue was the breaking point.

Permian (Midland/Odessa) is great for cashflow if you can get a good deal that works in times like now during an oil bust.

The seller might not even really want to sell and they use the short sale as a stall tactic for free rent and not to pay the mortgage.You really need to get face to face with the owner and see what their true intentions (at this point in time) are with the property.

If I got to the point where the units I have cost me more in time/money then a PM cost.... i'd make the switch.

That is all the real estate I need at this point in time.

The acquisition price of this particular property is $3,025,000, as is indicated in time period 0.

If you "have deep reserves on each property" and "not getting by on the skin of one's teeth" what makes an additional 1-2 days in time a deal breaker?