I don't suggest this as it leaves way too many gaps and "gray/grey" areas if your goal is asset protection.  

While returns would vary by market, they would generally be in the mid- to high teens over the duration of the holding period, with the profit from home price appreciation.Blackstone Group LP (BX), the largest investor in single-family rentals, has spent $4.5 billion to amass more than 26,000 homes and continues to buy, according to Eric Elder, a spokesman for Invitation Homes, the rental housing division of the world’s largest private equity firm.Blackstone’s net yields on its occupied houses are about 6 percent to 6.5 percent, Jonathan Gray, the firm’s global head of real estate, said during a May 3 conference call with investors.

I personally live in South Philly (Grays Ferry) and I have no issues. 

Added bathroom in basement, finished basement, Added fridge in kitchen, painted cabinets a bright white, painted entire house agreeable gray with bright white as trim.

From bright subway tiles to subtle gray, blue and sand tones, a new back splash and counter-top will quickly change the feel of your space.3.

Most people are doing the beachy pale blue with white accents or driftwood gray, but those are very bland colors. 

I have a few gray areas when it comes to the seller financing paper work.

This one says "6 beds"I imagine this is a gray area where some experience will make it clear.

I do agree, this is a bit of a gray area and good lesson learned on my end as landlord moving forward when signing lease with tenants that have pets.

@Spencer Gray we are buying over $100M in multifamily this year and have closed over $50M to date.