So, I would collect several hundred per year in late fees simply because they didn't manage their personal finances well.

The key is to simply lay out your options and determine which one offers the highest return while staying within your acceptable level of risk:Rent and save for a 20% down payment on an investment propertyBuy a primary residence without house hackingBuy a house hackOther: Is there a better use of your money?

(instead of getting new financing)  A $300,000 mortgage at 3% is $1,264 - but a $300,000 at 6.53% is $1,902 - so I simply save / cash flow $638 a month.

As far as drafting contracts most of the investors I know simply use whatever contract they’ve been using over and over again. 

Outside of those focus on simply being a good landlord because you have far more control than you may think.I am in Philadelphia which has tenant friendly landlord tenant laws.

Or are the landlord laws simply too draconian in California to warrant the risk? 

So now, today, Detroit is no longer viewed simply as a cash flow market.

I am just very tired of hearing that a loan not showing up a credit report means anything, because it simply does not.

Whether it's helping with properties that may have complicated tenant situations or simply sharing some local market insights, let's chat!

The benefit with an electronic lock is that if the tenant isn't present you can simply txt them their new PIN so they can enter when they return.