It was painful.

I know other student rental investors that do not require guarantors because of the additional administrative work and they say that the social pressure of not paying rent is enough insurance.Low Vacancy - LOCATION is everything with student rentals.

If you give any credence to this type of response, you're in for a long painful real estate investing experience. 

As i said, he isn't wrong, "IF" there was an option to just save up a few hundred thousand and buy that property cash with zero mortgage, yes it is "safe" in the manner that you can screw up and be horrible at finding tenants, managing the property and just overall life as a real estate investor, because there isn't a mortgage payment forcing you to feel the pain of failure monthly.

Sprinkler systems are a pain to deal with, in terms of maintenance (inspections etc) and risk of flooding during winter freezes and tenants accidentally triggering them.

Ultimately, setting up and maintaining an LLC comes with annual administrative costs so another thing to consider is if your cash flow is ready to support these additional costs. 

Rent Collection can be one of the biggest pain points while trying to manage a mobile home park.We have a few rules when it comes to rent collection that allows us to collect at a higher rate than the industry average.Rules of Rent Collection1.

Seems completely reasonable to me and if someone isn’t able to do that then they’re either a scammer, not a serious buyer or seller, or just a pain to work with so I dodged a bullet either way.

A pain until you can become on active non-reporter.

The minimum bid amount will be slightly above the amount of unpaid taxes because the Sheriff adds an administrative fee for handling the auction.