property manager= paint some walls, do some plumbing occaisionly , rarely any electrical, a little tinkering with the a/c unit and heat, fix some floors with plywood and screws throw on sheet vinyl, go to court when they dont pay, collect rent 600 a month for a 40,000 house you buy on forecloser
is get rich slow at first until you buy another one and another one then you got multiple rents coming in a month if you do up the house right they might stay in 1-5 years or more