Have you learned during this due diligence period that the income collected over the last year does not support the needed income to make this deal a sound investment?

It turned out to be not terribly impressive as a rental, pretty much breaking even.

Joel Owens here on BP is one I've always been impressed with his understanding of product type, cycles, returns etc.

@Theresa Harris@Theresa HarrisI am good at day to day property operations, I find ways to increase the efficiency of property systems such as boilers,HVAC, energy consumption, water consumption, I make sure the systems will last longer,I make sure the occupants in the building are safe.Basically maintenace, preventive maintenance,repairs, managing tenants,collecting rents (even though its not my job,I do it), I make recommendations to the landlord on how to save money without sacrificing the comfort of tenants and I do my best to avoid defferred maintenance.My father does construction (20+ years,he operates a small construction business) maybe I can put him on my teamThank you for answering

A person can literally own a million dollar home free and clear and you cannot touch it-Texas does not allow garnishment of wages for a judgement so that avenue of collection is out-You can get a judgement and hope or even use a collection agency who will take 50% or so if they are successfulOR you can take the money now and move on and get a new tenant. 

You’ll be able to use your new lease, screen them using your policies, and set the rent you want to collect. 

Sometimes a rehab isn’t even needed if you buy a good enough deal you just hold it for six months and collect rent and refinance out after a six month seasoning period.

It would have its own bank account to collect rents and pay for repairs. 

There are lots of different software options that allow individual payments however, so one person doesn't have to collect the money from everyone. 

I swing by once a month to check the salts, chlorine, AC filters and to make sure everything is working as expected and to collect rent if they prefer to give a check rather than CashApp/Venmo.