@Ryan McGrath I think your first concern is to make sure it's a legal rooming house or to understand the steps that it will take to make it one - which I'll bet would include things like extra egresses and a sprinkler system.One incident / phone call / police visit where word gets back to the building inspector and you might find a big red "VIOLATION" sticker on your front door.Next, I'd want to do some forensic accounting. 

Interestingly enough, my first landlord when I moved to Omaha was a retired police officer.They Self ManageThis is the one area where I don't personally follow the standard 'Mom and Pop Investor' model.

But you have a full time PM to police this issue and they will be costing you money to get the smoke odors cleared for new tenant turnover.

He has been on a 2 year lease every renewal and a bit below market as my husband was in law enforcement and we gave a discount to Police/Fire/Military.I’ve been watching the market and it has been slow to come back.

In addition to being a landlord, I am a police officer. 

He had called the police to get him out and they told my tenant that since the boyfriend had been staying at the property for longer than 30 days he would need to be evicted.

., PMs, Realtors, Police, City Planning). 

Basically here’s what I do rent is due on the first if it’s not paid by then I can apply a 50$ late fee which I will do if they peeved me off enough .. on the 5 day I put up quit or pay notice on the 15 day you file for eviction with the local magistrate ideally by the months end a police officer is throwing them out on the street where they belong .

@Jesse KerrYou can ask them about average sales prices, days on market, housing statistics, age of neighborhood/when homes were built, things like that.If you’re interested in demographics or crime rates, you need to look at sites like city-data dot com or neighborhood scout dot com or local police websites, or whatever you can find online, as agents can’t provide that information to you.

I have gotten complaints that the police are always at the trailer and trash is scattered all over the lawn.