Verifying last 2 years of rental history very important!

HUDuser.org is great for vacancy rates, but cross-referencing with local market reports is important for more context.For job diversity and employers, LinkedIn or regional economic development websites often provide insights.

A lot more important compared to newer construction homes where you don't have to deal with certain things when it comes to either of those.Many other nuances but those are just a few that come to mind.

It builds wealth and most importantly cuts your expenses and gives you a front row seat at being a landlord.Was the best thing my wife and I ever did.  

Both approaches fail because they forget the most important part of the deal: EMOTIONS.

Personally I think both are important.

I believe it is completely reasonable to have a clause in your lease that places a cap on utilities with any overage (proven by a bill) being the responsibility of the resident.Our clause states that any electrical bill (we don't have gas, and water has never been a problem) that is over double the same month's bill from last year will have the overage assigned as a fee.It is important to keep your bookkeeping straight if you do assess a fee.

Data is the most important part of the success.If you want to chat more, feel free to shoot over a message

It's important to stay informed about developments in the areas you're considering, as well as any potential changes in regulations or economic conditions.

Also, as a licensed broker, it's important to note that real estate brokers are not Zoning experts.