Fast forward a few months, and they have non-paying tenants who are wrecking the place, and a MIA property manager who (understandably) won't put in the ENORMOUS amount of effort required to manage a property in a C or D area for a small-time client from another state.

Whether it's a coffee meeting, a virtual discussion, or attending industry events together, I am committed to investing the time and effort required to establish meaningful connections.Thank you!

High end property that I can use for personal use and aligns with several requirements I'm looking for. 2.)

Noticed it was abandoned, researched courthouse records, determined it was adjudicated to the Parish for non-payment of taxes, submitted purchase request to the Police Jury for amount of back taxes, made required notifications by mail and newspaper, waiting mandatory days for owner to redeem, and when redemption period expired, closing occurred at Police Jury Office.

As am the owner, will I also require some license to manage my own properties ?

This is possible on conventional loans if the lease term has at least 5 years remaining at the end of the mortgage term (i.e. a 25 year mortgage would need at least 30 years remaining on the lease), among other requirements for the lease. 

Hey Henry,As a general rule of thumb, the more budget-friendly a marketing strategy is, the more effort and 'sweat equity' it may require. 

When you get desperate for a renter, you start to make mistakes.

How is the DSCR calculated, and what is the minimum ratio required for approval?

Number one rule of thumb here is to not be desperate, if the building is in disrepair you've got the leverage, don't overpay !