I'm a Broker / Realtor & Property Manager in the Metro Detroit market (Michigan) and have connections with lenders, wholesalers...you name it!

I self manage 3 duplexes in Kokomo. 

My goal is to focus on purchasing small multi-families to self manage with a STR/ MTR hybrid model in the Central FL market.

Please reach out to me personally and I would be happy to answer all your questions and tell you about my experience from joining the program.

You must manage your time (and skills), manage contractors, stick to a budget, and follow a strategy.

It's still only 3 bedrooms and 1 bathroom and I am in the hole about 140k and fair market value is about $145K-50K. 

I'm Kevin Gallagher from western Maine (Between Bethel and South Paris), passionate about real estate investing for since I started working for investors and managers as a handyman/small GC.

Purchase price: $450,000 Cash invested: $450,000 bought a run down mis managed 16 unit property, with my investors, for $450,000 Rehabbing units as they become available and increasing NOI.

All the above will give you, your management company, and/or your collection attorney some traction if it comes time to attempt to garnish wages or tax returns or levy their bank account.Some of the above may sound a bit draconian, but consider that you may have hundreds of thousands of dollars tied up in a property you're turning over for their unsupervised occupancy, and that they can do huge damage to the property in just a few hours.

If they just needed one more month, they might extend and pay the premium.I mention that, because if you are OK with the resident and just want them to sign a lease, tell them the MtM price will go up effective September 1, and is $400 more per month.