This home has been highly operational with high rates of occupancy, bringing in anywhere from $500-$1500 a month in overage beyond our monthly expenses.

Quote from @Mason Baylor: Hello everyone, I'm a new real estate agent in the houston area.

There's lots of competition from everyone jumping in.

Take a look at the CA building codes including for earthquakes and local cities can have their own as well.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I think you'll be very happy in the Cleveland / Lorain market as well and I always tons of demand for rentals whenever I list a property in Euclid so that's a great area to target as well! 

Hi Bo - I'm based in Portland, and RAL leases are all over the place.

Make sure you add on your lease that tenant is responsible for lawn maintenance (cutting and watering) Summer heat in Houston is brutal and your new grass ( and investment) will be dead by fall.

How much of this is covered in your management contract?

Buying your first property to live in, and renting out rooms is a great way to cut back on costs and if you set that money aside, it will grow and become down payment funds for a future purchase.