While it's more work, many owners successfully manage their rentals this way and save on management fees.

She reached out to me that the previous owner lived out of state and was looking to move out of the country.

@Jack Kehoe Maintenance: Never fast enough for tenants or cheap enough for owners!

It likely will not go well because you are way too late on this.If you were a tenant paying rent would you want to just get a letter from the new owner telling you to get out with no prior conversation or warning?

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Hi,as far i was aware this whole time when you owner occupy your duplex one side and rent the other for 2yrs and you sell it within 5yr period there is no capitol gains tax.

Many property owners choose to hire management firms to handle the logistics of renting out their properties, especially if they do not live nearby or prefer not to manage the rental process themselves.Here's how it can work:Hire a Property Management Firm: You can contract a reputable property management firm that specializes in managing rental properties.

Owner says rents are about $2-300 under what they could be but with the tenants being loyal and the way they are their own small community she recommends not raising rent.All 7 homes run off of 2 wells.Some differed maintenance but overall nice condition trailers range from 70s-80s model Owner says property manager/handy man lives next door and handles everything for her from maintenance to collecting and deposit rents.

What about owner draws?

But what if you purchase with alternate financing (sub to, assumable (look at VA but requires OO), owner financing, etc) and only did buy, rehab, rent, and repeat (one less R - more precisely not a refi but maybe use 2nd or heloc)?