You can't micromanage these people.It's not a profit producing activity.You will go mad.Ask yourself this.How does the tenant being messy hurt your ROI?

If you can continue to acquire income producing assets that SIGNIFICANTLY outweighs paying off debt.

I live in Los Angeles and have been working as a television producer, however, my goal has always been to purchase a multifamily home to use as my primary residence, and also to begin investing in real estate. 

Rental properties are intended to produce regular monthly cash flow.

Lenders are lending on the value of the land + improvements (ability to produce lot rent).Hope this helped a little bit.Feel free to reach out anytime. 

EX. 10 mortgage FREE DOORS WILL PRODUCE AS MUCH CASHFLOW OR MORE THAN 20 DOORS ON A MORTGAge. 11) DONT FOEGET TO EXCERSIE REGUARLY.

Also keep in mind that when refinancing out equity from your personal residence that it isn't an income producing asset.

Never, and I mean never buy property unless and until you've assessed that it can produce sufficient financial returns to justify investment of time, energy, and money.

In this case I would still want my  friend to be paid for any work performed by himself on behalf of business (he needs to still earn a check) and we would have to pay someone anyway BUT at the same time give him a % of the equit and cash flows from the income producing properties.

My purchase contracts all have a special provision to reduce the purchase price by $5,000 for every mobile home title that the Seller cannot produce by Closing.