By having more tenants there are more eyes to watch for issues that may pop up, more people paying rent, and if you have one of the units vacant for a bit, it will not hurt the bank as bad as it would if you only have two tenants in the building and one of them left.   

Keep an eye on the water bills.

The money must be secured by real estate or in the eyes of the SEC you have committed FRAUD.

You have eye witnesses (maintenance team) who can corroborate what you saw.

The whole concept of being over-leveraged depends on whose eyes you are looking through.

That "control" includes keeping a direct eye, picking up after tenants to increase curb appeal or giving you a better sense of when to increase rents based on the neighborhood evolution, or when to trade for that matter. you do not have that when it is too far from where you are. 

Of course someone will post on this forum yeah I did it… but it is unrealistic in the eyes of those who are experienced that anyone should take others monies with no experience.

Keep an eye on real estate trends and what the market is like to make smart choices for your property.

Looks like there are some active REIAs in my area, so I'll try to start getting involved with those, in addition to keeping an eye on FB.

What features or neighborhoods catch your eye in Fayetteville?