:)  But, if you're having to collect cash, I would suggest a service like Pay Near Me, which allows payment of things like rent, in cash at local C-stores. 

C. the area your choosing for section 8 tenants does not matter, (the morgan state, northwood stuff is desired by sec 8 more than most however) some orher "low incomes" are also better, but any other area (edmondson, coppin etc) is a dump.

@Elisabeth C.

Originally posted by @Elizabeth C.

I do see the value in starting with class C - D properties, however, the missing link for me is how to finance renovations.

If you're a new investor or "beginning-again", I would suggest you invest in B or C communities.

This rental like some others of mine are C class more or less and so I call my tenants when rent is due to set a time for me to go their to collect the rent.

http://www.lawlib.state.ma.us/source/mass/cmr/cmrt...Below is the Mass way of describing the law24.04: Required Insurance and Capital Program(1) An LLP or LLC must maintain in good standing professional liability insurance which meets the following minimum standards:(a)The insurance shall cover negligence, wrongful acts, errors and omissions and insure the LLP, LLC and their respective partners and members (M.G.L. c. 108A,

@Cal C. 

I will echo what some of the others have said with getting a firm grip on capex and the market trends.Here are some other things I would like to know before making a call on it:What type of area is this A, B C or worse?