Lending can allow you to be more diversified and since it is short term, avoid getting caught in large downturns in the marketplace.

Lenders are reaching out to Fannie Mae and Freddie Mac to have the minimum increased, since this is an issue that will not go away as insurance companies raise premiums to stay profitable, and HOAs try to avoid paying higher premiums by increasing the deductibles (or sometimes they need to do both to afford a policy at all). 

You might also consider talking to the tenant about shifting the rent due date to the first of the month to avoid future confusion and align with typical forward-paying leases.

Renting by room can be tricky and is why a lot of PMs try avoiding it.

Not only will you save thousands of $$, you will have control over what is going on and avoid getting taken advantage of.

HOA fees and redtape also added to frustration and will be avoided int he future.

I would avoid the expensive over saturated tourist markets and go for towns which have universities and hospitals.

In my opinion, you need a standard (eg. no felonies) that is written and followed consistently to avoid fair housing issues. 

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

If you’re planning to hold the property long-term and want to avoid potential roofing issues down the road, I would lean toward the standing seam steel roof.