Overpriced and pain to deal with, especially with a large portfolio of properties.

The property is in Pell City, AL and I was able to find this is a non-judicial state and potentially would not be tied up as much unlike a judicial process since it’s not going through the courts.ThanksDaria 

@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

In the past I have used a property manager but thinking of doing this myself.I was wondering if any other small landlords do anything to hide their real name and/or real address/phone number from tenants during the screening and leasing process.  

I have a mortgage (2.5M) on a residential property located in the state of HI, titled in my personal name. 

I would want my money to be secured by a promissory note and mortgage on the property in question, and thanks to the advice from some on here, if the property in question isn't enough to cover it, I would need to attach a lien to other property to ensure I can get my money back. 

If you had 50k in credit card debt for business startup costs (not real estate) with a 3-4-year plan to pay it off, high debt utilization in the meantime and a 620 credit score - but wanted to start investing in rental properties - what would you do with 20k that falls into your lap?

In a nut shell, we want to capitalize on a growing market by owning and managing rentals that we build and then sell the properties in the future to reinvest or retire.

Example using fictional figures:We buy a 10 acre lot, taxes are $1,000We subdivide it into 10 x 1 acre lotsNo properties are built at this stage, just landDoes the tax remain at $1,000???

The initial goal is immediate cashflow that will quickly increase as we fix-up and/or lease up the properties.