Many sellers can't afford to fix a place to sell, you'll find these in expired listings, the property has significant or updating issues and they can't sell.

Update.

I've sent email updates as payments were due/missed and also when I received another insurance cancellation notice.

The interest is regular income, the longer you hold the obligation the more you make and are taxed. :)

While I agree that a good property manager is a must, as @Chris Clothier mentioned it's still imperative that you visit the property regularly to ensure that your interests are being looked after, and this alone eats considerably into your cash flow, not to mention your time and energy.

CAR uses ZipForms; you can buy the software and load it on your computer, or sign-up for online access (available anywhere with internet connection; always updated).

Tenants are willing to pay considerably more for a freshly updated property when it is hard to find a decent rental.

I have sent over several ideas for tweaks to the software and many times- I get a update notice and poof- there they are!

Yes I have seen section 8 be in a constant flux of change.If the tenants income increases then section 8 adjusts the voucher amount.Also here you can list in the lease that the tenant pays a certain amount of utilities and that is fine.Some section 8 areas they will pay 800 for a 2 bed but then all of a sudden readjust to start only paying 700 which is not market value.These section 8 tenants never make up the difference from what I have seen.So you accept the lower rent or evict them and get a regular tenant for 1,200 more a year in cash flow.I don't know with the election and many government programs in flux how stable section 8 is currently.Might be a bad decision to base many of your renters off of that income stream.

If there were more I'd definitely be a regular listener.