Sounds like that may be even more of a concern when you're working in lower income areas, as they're probably going to have more issues.On top of that, the property is listed as a 4plex, yet the county records show it as a triplex with a garage (so they likely converted garage to an additional unit), and the "land use" is defined as single-family (which is confusing, because the same page says the property is a triplex).Will be talking to the current PM hopefully today to get his opinion on the property and area as well.

If you go to court the judge is going to say what did you both agree to, let me see your lease.It also defines expectations to the tenants and what is acceptable and unacceptable behavior.It defines how much the rent is and how much deposit you are holding. 

How do you calculate the 1% in the One-Percent Rule?

@Basit Siddiqi Define "ready"?

You should order a survey and boundaries flagged and well defined.

Welcome to the site @Malachi SparlingHave you defined what type of properties you're after?

Clearly define who has what role and what financial and day to day responsibility each of you has. 

Please define what you mean by "subdivision"? 

Definately go to the Thursday meet up on Ingersoll.

Definately get a proper inspection.