Be sure to check out the Education section above.

I'm going into my 7th year and I have only had 2 evictions at this point - but with both of them my maintenance team checks on the unit every 2.5 weeks until the tenant has completely moved out so that we are keeping an eye on the property and making repairs as needed for a QUICK turn over for new tenant (goal is a less than a 24 hour turn over period)!

They may not be aware or even be checking up on it.

(I never had any personal contact with the latter, but I am on their mailing list and get a regular list of potential investments to look through.

As always check with your tax professional.  

After almost 2 years of trying to find resources, and $40K spent, I have a decent tenant who would like to stay and I’m slowly recouping from the event.With that said, I’m still open to section 8, because not everyone on section 8 mismanages their opportunity, and I’m also open to regular tenant.

The correct answer is have 6 months of rent plus a regular security deposit held in escrow with the title company.

Keep things simple with one list and check the property thoroughly when tenants move in and out, documenting any issues.

You pay an annual fee of $3500, they do a soft credit check, then they give you a loan in monthly increments.

I think I'm just going to write that check and use it as a learning experience.