Quote from @Sunny Rajvansh: Hello all,I am managing a friend's property and I was wondering do I need to sign the lease or should the lease be signed only between tenant and landlord. and if I dont have to sign the lease shuould I have to mention me as property manager on the lease? 

Buying down to 5.75% for $4,400 will give you immediate monthly savings and stability, which can be nice for budgeting as a new landlord.

I invest in Idaho and have had good luck there- probably the most landlord friendly state there is. 

Quote from @Jonathan Bock: Most landlords are reckless and they would do some probing for fun and to save $. 

I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.

It would also be wise to educate yourself on what a good PM does and doesn't do, how they do it, what they charge and why, etc.My book, The DIY Landlord, will be out in December and can teach you how to select or supervise a property manager.

Landlord friendly, boots on the ground, driveable.

Get the easy stuff first - rent roll and lease end dates, any bills the landlord pays - common area maintenance, maybe water, sewer, taxes, and insurance.

Common utilities paid by the landlord will be similar if not the same; standard services (extermination, changing filters, snow removal, fire safety inspections etc.) will cost the same.

It's like accepting a full year or rent in advance as a landlord.