The only place I at all worry about from a rental standpoint is city proper just because it got a little overbuilt and there are tons of condos that can’t sell & will be turned into rental’s but that’s mostly a pre-existing condition, though I suppose layoffs could make that situation worse.

We have 3 attorneys we use depending on location & situation. 

Learn to find properties, underwrite them, connect with lenders to see what your financial situation fits.

Unfortunately many landlords take the first group they find in these situations and come from the ideology that all college students are slobs so no sense offering anything nice. 

Prepare for additional costs: If you’re adding units, you’ll likely need to address the water meter situation and possibly upgrade utilities.

Many state fair housing laws cover properties or situations that are exempt under federal law.

Depending on the situation, it could still be worth it for SFHs especially if you have capital gains or other income you need to offset this year.  

I am always fully transparent and the owner in that situation is a long standing business associate that knows my character, experiences and background, strengths and weaknesses included.

There are rules and situations unique to each state and that is why you want to go with a local lender vice someone just reaching out to you telling you they can do it. 2) Better recourse if the lender screws something up: a local lender has more skin in the game so to speak as if they screw something up their name will be mud to local real estate agents in the deal.

Like seriously, with as much due respect as I can provide to you in this situation, you guys need to evaluate what you actually do instead of what you think you’re doing.