It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Most are just Instagram trust fund kids.

Toilets can leak around the seal, showerpans leak, and washer drains have leaky joints, and water leaking from an upper floor can travel along pipes and drip down to the house sill or into the soil.Have someone flush toilets and run sinks while you are in the basement to listen for tell-tale drips. 

A great cautionary tale! 

I have seen many questionable properties purchased for literally a few thousand, marginally fixed up, and advertised with a "renter" for 30-50k way above FMV for the areaProperty Managers - you must interview and research them and read contract fine printI know there there are good ones out there, just a cautionary tale if you are new to this

Odds are you need practice ;) There are people making money in blogging, but there also people who make 30k a month being instagram famous.

Or an Instagram account?

Rich - I just saw this video and thought it was yet another amazing tale of survival . . .

See article here: https://www.steeplerockpartners.com/single-post/2018/01/24/Multifamily-Risk---the-tales-side-of-the-investment-coinRegarding the steeplerock article, the high SFR delinquency rate and buttocks-clinched-tight lending were big contributors to the low delinquency rate in apartments...still is. 

Not saying that anyone really believes it would happen, but we all wish fairy tales were true.