These issues I'm having on the front end are just my lack of experience with this clientele and a tad bit of growing pains.

It's a pain to deal with banks, but you've shown that it can definitely yield fruit if you keep at it.

As someone who grew up on the South Shore of the Island, I get the pain that comes with those commutes you're dealing with.

Anyone who gives a blanket answer, yes or no, is blowing smoke out their @ss.The fact is that this depends on state law, and at least sometimes on state administrative rules.  

I am approached all the time for management suggestions, but it is painfully obvious to me that management is not the issue – it is the product…

Some lenders will require administrators on the loans and the payments go directly to the lender from the corp. company.

I feel your pain here I just replaced a furnace in one of my units too.

For me, the loss of income isn't as painful as the turnover costs associated with getting the unit back in order to rent, advertising, showing the unit, etc.

Painful!

Overall, this project was a much smaller rehab than we are used to but in a little over a week we completed the following:- pressure washed the outside of the entire property- repaired and replaced damaged sections of gutters- replaced thermostat- re-wired furnace - painted exterior doors and shutters- replaced carpet in the living areas (living room, dining room, kitchen) with Allure vinyl plank flooring- steam cleaned carpet in all three bedrooms- replaced old vinyl floors in both bathrooms with ceramic tiles- repaired several areas of the walls with large holes- painted the entire house realist beige (thanks JScott)- Resurfaced the kitchen cabinets and repainted- purchased and installed all new appliances (dishwasher, stove, fridge, microwave)- replaced all switch plate and outlet covers - cleaned the house front to back and top to bottomDuring this time we had our lease agreement reviewed by our attorney and were getting other administrative and operating processes finalized to be able to rent the property.