Ranching is not foreign to me, but as an investment property I wouldn't be operating it.The seller is only willing to go as high as a three year balloon.It is on a well and has a septic system, both of which I would pay to have inspected prior to purchasing.

From what I can see on their site they have a pretty detailed projection sheet that covers most of the important items.

They are bad renters and there is a very good chance they won't pay the last month of rent.

We collect payments through our in-house loan servicing and pay underlying mortgage.  

I've heard too many horror stories about people that pay cash for a property because they think they are getting a deal.A moron of an owner could see they could get a much higher price if they just put in the exit signs (etc) and then sold to someone with a bank loan. 

From what I see it's not stellar in terms of population or job growth, but does look like it saw big price increases lately, I assume it's mainly population from Charlotte moving out to get more bang for their buck.If you're an investor with properties there I'd love to hear your thoughts on the market in general, how you see its potentail, the population I can expect as tenants, and things to pay attention to.

Understand that a caretaker is a service that you will pay for. 

Some ideas: posting on forums; reach out to your network; college campuses; business relocation sites; and yes, social media :) Use a good screening procedure to weed out unqualified applicants.

Or you can save $200 now and probably pay it later when you start having problems and need to figure out why.

The original post assumes "all other things being equal" with property managers, and that isn't the case.The cheapest shirts are at Dollar General, but that doesn't necessarily mean they are the best.When it comes to property management, it's not what you are paying, but what you are getting.