Stuart - so you think the play is single family homes in "nicer" areas vs the typical multifamily geared toward childless singles?

Play around with that with your more accurate estimates.Rentometer estimates that rents in the area for a 2/1.5+ are around $2500.

Since the tenant has a rental agreement nobody else has authority to give anyone else rights to occupy the property pending the result of the eviction.

I would suggest playing the long game, though, instead of focusing on quitting your job.

It all makes for an interesting dynamic that we've yet to see fully play out.Detroit prices are up 2x in the last 5 years.

I would recommend picking a major that has high earnings potential, not something like a degree playing the Trombone.

You presented a perspective I had completely overlooked.Would you still recommend negotiating a lower purchase price vs cashier's check on closing given that we're in a higher income tax bracket and thus capital gains tax could come into play in the future? 

The setting in which the experience was gained plays a role in determining what constitutes a qualified and responsible person and what types of experience documentation may be acceptable.It goes on to list pretty much anybody related to construction fields, including homeowners you perform work for.

But before I give you my play-by-play, let me first overview what this concept includes for anyone new to property management or owning rental properties. 

Operating Agreement: This document should outline each partner’s investment, share of profits/losses, decision-making authority, and exit strategy.