Gottfried:Hopefully you and your wife are still into real estate.You or anyone else can join us on Oct. 2 (6pm) at the Tailgate Brewery on Market Street in Chattanooga for this real estate meeting.

Newer isn't always better, and this picture sums it up pretty well. 

This doesn't mean you stop investing in those areas, it just means you need to factor that into underwriting and be prepared for it.

Has anyone utilized this strategy for a longer term and have any feedback? 

This tenant operates a resale business and is currently renting a single unit on the ground floor.

This would be short term and would not be afull time gig.

@Mateusz SkibaRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I have a property on Kauai that is up for refinance this next year.

Our next LIVE Market Intelligence Workshop is coming up this November and you get to choose the topic. 

If your owner draw coming in every month is $1000 and your mortgage going out is $700 and that goes on for 6 months, it doesn't matter if you show it in the prior month or this month; it will still show $1000 in and $700 out, thus you will be able to see and understand your cashflow.