I know a lot of homeowners would like to do the work themselves and turn a profit on their investment but generally lack the finances, knowledge, etc to do so.

The problem was the postal sorting equipment was turning it into a nice suspicious white powder. 

Just getting started in wholesaling and someone calls one of my bandit signs!

If you're managing a lot of units (as of today I own 39 and growing) you probably want to reduce the # of showings needed to get a lease signed right? 

That way you have some money coming in at all times.If you had a contractor that had a large enough crew and gave you a discount for doing both units quickly and at same time then it would be worth wild to just get them both turned around as fast as possible and rented at market rents.I self manage all my properties.

Bottom line is, if your friend wasn't happy with the terms she should not have signed the lease. 

Though with the next down turn in the market (whenever that is and how bad is a role of the dice) foreclosure rates will go up for sure.

Higher vandalism, unsophisticated tenants who don’t have financial management skills, lots of baby sitting just to get rent paid, more evictions, more money spent on turns, less appreciation.

without the risk and hassles of owning a rental.I was considering picking up 8 to 10 weeks in Vegas.. but then just bought a home in Summerlin instead as my wife wanted something more substantial . and so it turned out it will be come our primary.. with Oregon our secondary.. its a good tax strategy for us. 

It sounds like you are saying the loans are not under your name at all, you didn't personally sign for a residential loan, these are commercial loans that were closed and funded to the LLC, correct?