Your conservative approach to estimating income provides a solid buffer, and the strategic location adds a layer of security.

Things to consider: daily internal operations, external branding and operations, lending, in addition to inside out *legal protection and outside in** legal protection, privacy/anonymity/identity protection and security...Prevention measures at different levels, preventing the attack from being initiated vs preventing the attack (lawsuit) being successful vs reducing the damage of a successful attack.... there are many elements and I see people pick one and argue about it without looking at the whole

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.

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 

My biggest hurdle has been securing financing to work on multiple projects simultaneously.  

Instead of increasing rent, I would look at having the security deposit increased to protect against wear and tear.

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

not to mention also they become zombie notes collateral will deteriorate pretty quickly if they are not winterized and secured ( which takes time and money)

Combining these strategies often gives investors the best balance of cost, simplicity, and security.

@Noah SchulzThe previous owners' failure to disclose a back-paying arrangement complicates the situation, potentially leading to tenant disputes or security deposit concerns.