First mistake, provided a free incentive to please and secure your tenant, you should always stick to the rules, you must charge accordingly, always enforce pro-rated terms, if/as stated in your contract ease terms.I always like to say that an exception, quickly extends into the rule (As a general rule of thing, we absolutely do not bend on any rule and enforce every element (within reason))Another view is that if you are the individual, the owner, the landlord, the point of communication, it is more difficult to distance yourself from the emotional element, sometimes the emotional attachment to the asset, will shut down your business side of thinking for a brief weak moment, you must restrain from that.

However, it does have some elements of Real estate investment trust (REIT) with dividend yields, combined with a truly a unique strategy deriving from my many years of investment experience in star ups in the Silicon Valley and construction experience, including rehabs and new construction.

Again, the ability to define and mitigate your market selections or operator choices base don past experiences, is huge, try to define the most painful parts of your experience and seek information to understand how your new defined Turnkey partnership will mitigate these elements and help you to enhance your ROI.Still much to consider....... much luck in your search. 

Mark, great point, I think this is an important element to consider.

I have an environmental remediation company coming to check it out.once rehab is complete it should rent for 1400-1600Brief synopsis of rehab: partial roof (maybe more, there's a sag), sheetrock over existing paneling and paint.  

Things like the density are important (4 units/ac), but what about minimum lot widths, frontage, setbacks, mitigation or environmental?

Hello @Alex BalanWhen is comes to investing in areas that our out of reach, I feel there are two crucial elements.

How about we phrase it something like:"Healthy, green, environmentally equitable, socially just, cross-fit house for rent. 

I never have to battle weather elements because my position is inside a processing and distribution plant.

Your broker isn't a moron, he's right.However, he may be missing a key element here.