They can basically just sit by the fire and wait.

Just the basics but what did I miss?   

So we bought in a safe neighborhood, know our neighbors well, and have the basics when it comes to home security.

I would be much more apt to invest in this type of deal, if you are truly a second, recorded lien position with a fixed interest rate and a capped upside upon any capital event.And finally, there is all the basic underwriting needs which will vary deal by deal.  

I am considering doing this deal with no agents on either side to save money (savings the seller would pass on to me) - my buyers agent actually suggested that when I explained the situation to her and that I really only needed basic transactional help. 

Basically appreciation potential, and potential cash flow follows all that.  

I know these are basic rental type things but I with a full time job and young kids and my own primary home that needs a lot of attention it just all feels like a huge strain to do anything at all for the rentals.BUT, we have great interest rates on the mortgages, really good tenants, and the rentals won't always break even-- they will go up in value and in rent.

They were all trapped in their glorious tech and couldn't manage the basic functions of property management.Anyway, avoid.

If say the income of a property (basically rent to value ratio) is high, in comparison to market value, then you'd pay more tax accordingly, no?  

So basically, after everything was done I got paid $1,120.4 to buy this house and created about 60k worth of equity in the process.