Also, not sure, but if they move in before the rental agreement date and there was some kind of accident or somethng, there could be some liability concerns there.

@Jeff S. you need to find out exactly what the charges were he was convicted of, if it was a drunk driving accident with serious bodily injury and has gone through rehab it's one thing, if it was violence or theft you have to be careful of where you let him work.

One thing you'll learn about RE investing - always expect the unexpected!

Any hangups or unexpected issues?

I should note that the weather was -5 degrees with a wind chill of -20 or -30 degrees....record lows and coldest temperatures in 20+ yearsI have 2 questions:1: I have language that would support holding the tenants accountable for 'accidently' leaving the door they granted access to the utility employee open by not making sure it was properly secured.

If you run into an extended vacancy or only a few unexpected expenses this could turn out to be break even at best--at worst it is an alligator.

They are usually only for traffic enforcement or vehicle accident type activities not responding to criminal activity.

.$300 cash flow doesn't leave you much room for covering unexpected expenses, for which there will definitely be some.

In a fix and flip that probably wouldn't be a problem, but in a buy and hold situation that might create some big unexpected expenses.

I got into real estate by accident when I wasn't able to sell my house back in Iowa.