.)- If someone stops paying rent you may need to go through an eviction process- When screening tenants you need to do a thorough check of who you're renting to- There are several Fair Housing laws you need to be aware of when placing a tenantOften times, a PM company will even be able to cover their own cost by receiving the highest rental amount possible for your investment, most likely higher than you could by yourself due to the exposure and avenues they have for marketing.

You have to ask yourself "given all of the options, am I making enough return to cover my risk, my time and my hassles".

We made an offer high enough that the closing costs should be all but covered by the seller, and that it should be competitive even in a hot market.

Hey @Danny Rapczak, I'm an investor specific contractor and we cover new jersey.

These items could be mortgages covering the entire development that should have been released as to individual lots upon their sale, judgment liens, assessments for water/sewer facilities, more.

@Jonathan MorningHouse hacking is living in a multifamily investment property (buy and hold, typically duplex, triplex, or fourplex) and renting out the other units to cover your mortgage costs while you get to live mortgage-free or very close to it.

I have also heard to do cozy along with quickbooks that way you are covered from an accounting perspective.ThanksJimmy

Between having minimal liability risk in my own personal activities, renting to only the very best tenants, having excellent independent tenant screening, long time property management relationships, adequate per property insurance coverage and tack on umbrella coverage as/if necessary, I am more than adequately covered.

It’s a top heavy industry meaning the top 10 percent make most of the money.Have you considered opening your own mechanic shop or simply switching employers?

If you're interested in reading more about how to find your niche finding leads and marketing for deals, I cover this specific topic in one of my books.