You would choose the tenant so you would have a decent amount of security on who is living there.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If it's in a major city with public transit you can limit the number of rooms that include parking.

@Dylan Robinson I've got buddies that used their VA loan to secure big beautiful plexes in DC.

I can have separate bank accounts, debit cards, security deposit accounts etc. and now with new features like automatic recurring transfers things are even easier and time efficient 

In order to secure the property, we had to offer 10K over asking with the hope it wouldn't appraise.

@Alec Raven this is our "bible" for PMing.https://www.legislature.mi.gov/publications/tenantlandlord.p...Does your state have something similar?

I continue to pad my social security contributions full-time with the hopes of maximizing my retirement benefits.

One of the reasons most developments have Mello Roos is that cost to put in all the public improvements are so high that it will stymie growth if the developers have to front it all.

I have a MTR near Cleveland Clinic and University Hospitals, and I found it was a bit tougher than I expected to secure tenants.