I consider myself to be pretty fair, but tough on tenants, however the reality is SOME things are beyond a tenant's control.

When a deal is assigned to a tenant/buyer after you gained control of the property, they are taking over payments via your deal.

Downside is that you dont directly control the collateral, the fund does.

State specific caveat, but my lease places not only the burden of pest control on the tenant, but requires it if they see pests. 

See the 3 things after the financials Purchase price: $390,000 I can get financing at 25% down, 5.5% amortized 25 years Per seller: 90% occupancy or higher since they owned in 2002 8 - 1 bed/1 bath at $550 per month 6 - 2 bed/1 bath at $650 per month *One of the 1 bed/1 bath has an onsite manager/handyman living for free so there is no property mgmt costs in the expenses* Owner pays water and trash 2017: Total Operating Income: $79,989.50 Expenses: - Lawn Maintenance: $1,800 - Water: $6,816 - Trash Collection: $1,740 - Pest Control: $820 - Supplies: $4,280 - Repairs: $9,852 - Insurance: $4,153 - Property Taxes: $10,515 Total Expenses: $39,976.82 NOI: $40,012.68 2016: Total Operating Income: $83,154 Expenses: - Lawn Maintenance: $1,800 - Water: $5,820 - Trash Collection: $1,680 - Pest Control: $604 - Supplies: $6,639 - Repairs: $9,910 - Insurance: $4,153 - Property Taxes: $10,521 Total Expenses: $41,127 NOI: $42,027 So if I’m all in at $115k (down payment + closing costs), assuming 40k NOI, i’m looking at 16.4% cash on cash with one unit vacant at current rents (without anything set aside for capex however) WHAT WORRIES ME: 1) No washer/dryer connections AND no laundry facility on site (would have to build a new building and run new plumbing to add one).

If you want more control, go with livingroomhq, cozy, etc.. if you ONLY want money transfers, zelle and Venmo are great

Without resources to put protections in place, the scammers have just taken control.

I bought my house in unincorporated LA County, very close to Boyle Heights, so no rent control.

I don't want to wait that long for my life to be awesome and in my control. 

I currently control a couple of rentals in Northwest Indiana (“The Region” to all the locals).