Now, an already occupied property might sound good for quick cash flow, but there's a catch – you haven't screened the tenant, opening the door to potential issues.

Hi John, I manage client experiences for WealthAbility and work closely with ProVision, if your client would be interested in going over their experience that is very unusual feedback, and we'd certainly love the opportunity to address it with them and understand what the issue was or where they felt they were being upsold.

We aren't necessarily concerned about a monthly profit on our first 10 or so as we are thinking these would be held for at least 10 years.So, a question we have about 2 houses - House # 1-smaller,good area new roof, new window, no basement, no garage, monthly income $140, $6000 left in debt to heloc..........House #2 - larger 4 bed, 2 bath, forclosure, estimated rehab 40k, estimated monthly income zero, zero debt to heloc........ higher value home.  

If you go this route, you may not need a property manager, especially if you are local and enjoy dealing with landlord/tenant issues.

It is a big investment to purchase a property knowing this is an issue and then have to treat it with a company.

After discussing with her, due to the age of the house she is wanting to get out from under it as there are some cosmetic issues about the house that would just take the time and funds to do (like replacing some of the laminate wood slats, harder to find an exact match than anything).

The larger the space the harder it is to rent. 

Or you can section 8 and just keep falling into similar issues.

I've heard that the few that have had theirs so far are failing for easily correctable issues.

Or do you think that would cause too many issues between the tenants?