And, don't rely on past landlord references, employment calls and the like as often it's a friend of the tenant on the other end providing that stellar review.2.

But people who've declared bankruptcy or defaulted on a loan can still get credit of some sort (the terms may be less that stellar).

So you may have to deal with less than stellar numbers when it comes to ROI and COC.

Would echo Jim, if your goal is to be passive then actively owning the properties and tending to the tenants and toilets isn't 100% passive even if you have a stellar PM (which will eat into your returns).

The Monkee's debut single in 1966 -

He has a sit called retipster.com which is stellar.  

Monday the investor in my SIMPLE cash out refi, where I locked in a stellar rate and was to close on Tuesday totally pulled out. 

Any recommendations on property management companies in Harper Woods, MI?Thank you in advance

I have a gameplan in place with my less-than stellar PM, who is actively being replaced as well.

I understand that financing and insurance rates are not as good with commercial but again, that is the recourse for the un-stellar credit.