Until I had my own I just used the state long term lease agreement.

I started investing in 2019, got my license in 2021 and was initially with a residential broker that was primarily focused on retail transactions (aka sales, purchases, leases, for regular end user folks). 

One way this can happen is if there were two tenants on the lease - the check should be made out to both of them.

Here I have contact info, lease info, AC filter, trash day etc plus all the income and expenses.Then I have a Master tab that has all properties, so I have the big picture of gross rents received.

Those apartment complexes usually have an in-office leasing staff and don't use a Realtor.When I'm trying to price an apartment, I'll go to MLS first and pull those comps.

Specialized policies, contractor recommendations, tenant screening, lease agreements, utilities, and exit strategies are also important.Good luck!

If the lease is at market rents and the unit is in great shape, it could be attractive to another investor.

One thing that we were not prepared for was the new lender required that our tenants have a signed lease agreement before we could move forward with the new house.

The only challenges you haven't mentioned is advertising for roommates, screening them and where to get a lease.

Pro: The problem with regular fiat currency is that governments can print as much of it as they like, and they frequently do.