Any time you feel like paying off an investment property is a good thing just sit down and go through your tax return.It is a horrible idea.Too many new landlords and "new age" landlords blur the lines between their personal and professional interests.

I had one lady come into my office before we went appointment-only and scream at me that I was a horrible person and how evil capitalism was for America.

That’s also horrible for an exit strategy!

Here’s some real life examples of stuff that’s happened to myself & some of my friends using KC area PMs to give you an idea: Not listing a property for rent until a month after it was vacant, not listing a property at all for rent (and owner finds out 3 months later after he keeps lowering the price and lowering the price and can’t understand why it isn’t getting any interest and then finds out PM never listed it), doing half a** repairs that have to be redone or cause more issues and money later, stealing rent money and telling you tenant never paid, putting horrible tenants in your place without doing background searches (they lie and say they did but you do a simple google search and felon mug shot comes up)  & all hell breaks loose ...tenant trashes it, or you have to go through costly eviction cause they stop paying, can’t get your property rented to save their life ...months go by and you get feedback from interested tenants the PM never calls them back....upon confrontation they say they are busy and if a tenant doesn’t call them several times they assume they aren’t interested, being friendly with tenants and letting their rent slide for 4-5 months without eviction, using con artists repairmen who lie and say you need repairs that you don’t, PM paying an insanely high utility bill without question (from your money) or without inspecting for leaks/issues or that there isn’t squatters in there. 

Even if you could get $1500 per month it would be a horrible return.

I used someone else before and it was horrible.

If the parent can't control the kid, to the point the kid could disturb other tenants, you can deny her based on that.Also a credit score that "should be above 600" is horrible.  

And Section 8 renters are not all horrible people.  

One scratch or dent and they look horrible, which leads me to ask @Bret Nida why would you put a scratched or dented stainless appliance in a property?

I'm sad for the fate of Phantom, this is horrible.