That is why I believe you are smart to reach out to your Community - I think your network is your most valuable asset, especially when looking for quality sponsors. 

@Seo Hui Han, in a high interest/low cap rate environment debt kills commercial deals. 

I highly recommend you call an eviction attorney before doing anything else!

Also, my tax bill was super high this year since my property didn't really require any maintenance last year, and this would be a beneficial write-off as it would buy back time and ensure a quality property.

There are so many variables to "what it costs" that even if I gave you a number, it could be high or low depending on the actual properties.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

They tend to be in less desirable areas or attract lower quality tenants. 

I think people are investing in Midwest states, like Ohio, because of cheap prices, high rents, and landlord friendly laws

The process of identifying a quality applicant is extremely difficult now with the amount of fraudulent paystubs, bank statements and IDs.

Alot of factors to consider in terms of rates but Id say par for the course in the conventional space high 6's