There is no savings...UNLESS...you pay them an extra fee to facilitate the administrative process surrounding bi-monthly payments AND you sign up for ACH debit from your bank account.I've found greater success with just paying extra every month.

Nursing home administrators!

Also since Obamacare is new since I left the HR field, you may need to explore your obligations there as well.Additionally, be sure you compensate above or equal to mim wage for hrs worked;And check the regulations of your state regarding 'ON CALL' status and what you must pay if any.In MT a property manager must be licensed by the state (if they are not an immediate relative) Not sure of other states. but also needs to be checked.I think hiring an assistant for the administrative/ property mngmt tasks is an excellent idea, one I will do when I get to that stage!

You should be able to request the details of your 401k from the administrator.

Money is nice too, but knowing myself and finding a stride where I can wake up energized and optimistic about life every day is what I'm after.I grew up poor with two high school drop-outs as parents who abused alcohol, drugs, and me.

And both Lewiston and Auburn have areas with significant drug use.

Anyone who conducts property management for anyone (even friends) else’s property in the State of Ohio must do the following: Be a licensed real estate agentPlace all retained rents directly into a State of Ohio audited Trust AccountHave a written property management agreement with each property owner stating the start and end date of the agreement among other thingsDeliver regular financial periodic reports to the property owner.Display Fair Housing language and logo where requiredMaintain a ledger sheet for all transactions including name and address, name of all parties to the transaction, amount and date of all deposits, amount and date and check number for all disbursements, running balance for each propertyRegister each property owned by an out of county owner, with the county auditorBroker may not co-mingle fundsFurther, a Broker may use an unlicensed assistant only for certain administrative or clerical duties, maintenance, showing a property and other specifically defined tasks.

It's not something we can escape but needless to say, there are some areas that (in my local area) I would not invest in because it's a known drug den.If you get with an investor-centric agent then you can get some information about the housing in the areas you are interested in and get a handle on where you want to invest.

The problem was her drug addicted, incarcerated, baby daddy who got out of jail a month after she moved in that she failed to mention would be living there on the application or housing voucher.  

I've stuck with buy and hold; while using my administration company as the cash cow that finances my purchases.