Hey Randy - folding sleeper sofas almost by definition will have thin mattresses. 

Ultimately build equity by having tenants cover mortgage.

@Lindsey MatejakHere is a good article written by @Mark Ainleyhttps://www.gcrealtyinc.com/blog/what-is-the-flood-disclosure-for-leases-in-illinois-

I think your correct though folks have to adjust to the new normal and the interest rates they are not coming down like folks hoped for I think we are in for a run of years were rates will be more like the 2000s  6 to 7% and Owner occ in the 5s with Maybe some high 4s. but by the time folks wait for that prices will rise in the better markets.

If it is a private seller, your credit can not be affected by lates.  

I’ve been in the real estate business as a broker, helping clients buy and sell homes, but I’m looking to take things to the next level by diving deeper into investing.

The area is very desirable, great schools, restaurants, shops and major airports close by. 12 mins from downtown St.

@David Cherkowsky, the lender will take the full rental income reported on the tax return, for that property, subtract it from the total expenses, add back depreciation, property taxes, mortgage interest, home insurance, HOA(if applicable), sometimes repair expenses(must be documented), divide it by the total amount of months the property was in service for that year (THIS NUMBER IS ON YOUR TAX RETURNS, SO MAKE SURE YOUR ACCOUNTANT DOES NOT PUT 12 MONTHS), and subtracts it against your total monthly mortgage payment.

You can either get referrals and vet and build the team piece by piece of you can go with a reputable turn key provider who has already done this work for you. 

And my #1 issue is I don't see any actions to address this in a meaningful, market specific manner.