I am a retired financial planner and have also sold insurance . you will find that the vast majority of "financial Planners" make their living selling investments and insurance and relatively few do fee based planning for a living.

Do make sure you keep enough in reserves should a major repair come up.

This can be applied to any discipline be in real estate sales, property management, whatever.To answer your question- financial sales prepared me to effectively consult individuals regarding major financial decisions and helping them make those decisions.

However in my area the multiple list does not list the majority of rentals.

A system of either internal audit (frowned upon but legal) or a contract with a qualified third party audit firm to audit the successes and failures of your compliance management system.Achieving this is not difficult nor does it have to be expensive in relation to the size of your operation, but to operate without it opens one up to major fines and prison sentences.

Sorry if I sound bitter :) I'm not - just my area is kinda terrible in the PM department!

I would try to sell it if you can recoup your original cost if possible. otherwise you will be losing money and spending time on dealing with tenants on a rental with dubious results when you could be free of that burden (are you expecting major appreciation in the area?

Thanks to our marketing plan, we have completed 3 deals with this investor in 2 weeks.A rent to own - we kept a majority of the down paymentJust moved a renter into a property he owned with a deposit (this was our first deal actually)And one more rent to own - we kept %40 of the down payment.

We have a very high majority of renters and we have a severe house shortage, Geneva population has a growth of 8% for the last 5 years with only a 3% growth of the houses number, it's a political issue since most construction projet in Switzerland are approved in 2-3 month when in Geneva it's 2-3 years....

But, the vast majority of folks out there are responsible, competent, law abiding Americans.