You might offer the 3rd floor tenant out of the lease or suggest no shoes in the house.... other than that remind them that all tenants need quiet enjoyment.  

I am currently a full time W2 Executive who enjoys making money through RE.

This person has told me they smoke meth and is paranoid that his car is going to get stolen and all the neighbors "watch him".

Architecture diagrams with wiring, plumbing, smoke and fire all provided yet the permits are still being reviewed. 

Once you become a real estate agent, you will most likely be self-employed which will make financing more difficult due to self-employment income requirements (2-years).However, I would say that there may be value to becoming a real estate agent if it's a career that you would enjoy.

So here are pros and cons of managing yourself.Pros:  you keep all profits (except 3% to credit card company), get to know guests, create a rapport with regular guests, make it personalized and memorable for your guests (my housekeeping staff was great and would leave flowers for anniversaries and balloons for bdays)Cons: Phone calls late at night sometimes, dealing with guests who are nasty and ignore your rules (ie no pets/no smoking, but it's nice having damage waiver in place), trial and error finding right housekeeping/maintenance/HVAC/plumbing people.Going with a property management company pros and cons:Pros:  they deal with all the issues and reservations callsCons: they may not be as attentive to your property as you would be and don't follow through with rules of no pets/no smoking.

I hope you learn lots and enjoy BP as much as I do.

Matt showed & helped me pick a great property management company ( Keller Williams Cleveland West) who I enjoy working with.

I recently picked up my first rental property and got a smoking deal on the home.

We have really enjoyed working with Great American Bank.