Accidental landlord. 

Hi Jordan, It can be dangerous to purchase real estate sight unseen from a remote location, and can result in accidentally losing a lot of money.Are you an accredited investor ($200,000 a year in income for the last two years are over $1 million in assets)?

Though it is something I would like to have done, the truth is the tenants have been fine for years without it so its not the most pressing issue I see.I am in contact with a local investor/ agent there who is very familiar with the local market. 

As long you're good with it, press on!

I am thinking areas were you can buy rentals for the price of automobiles and your % of SFR's that are rentals are astronomically higher than other areas I could see that . for instance were you guys buy and sell and own Class C rentals the amount of SFR's may be as high as 50% investor owned and maybe higher in some neighborhoods... on the West coast you would be hard pressed to find any neighborhood with more than 1 to 10% of the SFR's as rentals.

Not being a lawyer myself, I fail to see why you press the need for legal council. 

If you get an obese person living in the unit, you will need to be good at repairing floors because the floors in them are pressed  sawdust and a fat person will pretty much fall through wherever they step.      

I did one flip in 2008 and that was somewhat accidental as well.

We currently have one rental and finishing up our accidental live in flip.

I still think the FED will be very hard pressed to raise interest rates substantially, because of all of the negative effects, savers be damned.