They'll collect current maintenance fees and pay current bills if there is enough money.  

In California PM you will find individuals that prefer to perform the monthly duties of collecting rent, and some that prefer finding tenants, and some will complete both duties.  

Especially, if you don't know how to really analyze a building and overestimate what you expect to collect in rent and underestimate what you'll end up paying in legal fees and repairs.A friend bought, I believe a 6 unit in the high desert at what was thought to be a great price.

In 2008 I had gone broke going to school out of state and getting a collection on my credit score, it suddenly became very difficult to get loans to go to school (keep in mind, I had no support from my parents and was living on my own).

I also like to check self help books out before I buy them to make sure that they are something I would want in my collection. 

More units, still one mortgage, one tax bill, one insurance bill, one lawn to mow, you can even get one garbage contract for the place, small dumpster or a few cans & drag them to the curb on collection day.  

@Ralphy Rosado   Ralphy check back in in 24 months and make a report on how many months you actually collected rent on that asset.. that's the litmus test.. looks good on paper hard to do in real world..

I'd want to collect at least$4000/mo for all this trouble and risk.  

It's a collection of the best flipping info from the site.Oh - and don't forget to set up your Keyword Alerts!

(A) Activities of a foreign limited liability partnership that do not constitute transacting business for the purpose of section 1776.86 of the Revised Code include all of the following:..........(7) Creating or acquiring indebtedness, with or without a mortgage or other security interest in property;(8) Collecting debts or foreclosing mortgages or other security interests in property securing the debts, and holding, protecting, and maintaining property so acquired;What local was the subject property located in where you forced to do this?