I always hear about how there was blood in the streets, massive vacancies and rent cuts in Vegas during the GR.

Many of these tasks can be hired out, but doing so cuts into potential profits.Even if you want to be a landlord, your current house may not be a good fit.

If you don’t, I’d take time to partner with someone even if your cut is only 5% or 10% I’d do whatever it took as there’s nothing better than literally putting your money where your mouth is. 

With the current market being so unfavorable for sellers I’m at a standstill whether I should just cut my losses or whether I should buckle up, hold and ideally refinance in 2-3 years where then it may cashflow a little more or I can leverage the equity.

Conversely,  if the property was underwritten more aggressively and leaned heavily on appreciation, a sale at peak 2009 rates could cut your target return significantly.  

huh. looks like other photos were cut out from when i shared this posting from my profile deals. 

And, incompetence/cutting corners.

So the company we had when we first bought it was a realty brokerage and not a PM so I told my partner we have to find a PM that knows what they are doing and will cut us a good deal. 

According to these right, the landlord cannot do things like cutting off the power or changing the locks since it is against the tenant rights and possibly giving her arguments.

You can automate things or hire property managers, but that cuts into return.