Strip out the equity using HELOC's so no equity is available to entice a lawyer in the first place; get good insurance, and only if you are literally expert in property management should you be managing units yourself.

It (literally) pays for you to put rules & processes in place so that you can work with them when they have a TEMPORARY financial emergency without losing moneySection 8 probably skews the rules for dealing with low income tenants because keeping the voucher is probably a motivator.

Both houses literally touch  the alley property line.

She’s literally the most tame, responsible, quiet human being ever, so it’s funny to think that this post is getting responses from the perspective of someone who wants to take advantage or is wanting to break the rules.

If you have something people WANT to live in vs HAVE to live in you'll have a much better time.That 3/1 in a warzone with terrible schools and no sense of community... only people living there are because they literally have NO other option.

It is literally sitting on the edge of a small city (The Dalles, OR) and if city limits EVER expand, the property will quickly double or more in value. 

Detroit isn't zip code run, it's block by block, literally. 

I've literally never heard of any of those management companies, and I own a management company in Columbus and know most of the owners of the other property management companies in town.

Literally everyone.

I want to hang onto this tenant as long as I can since they are literally the ideal tenant however given that they may want to utilize a smaller lease term I need to insulate for vacancy and turnover cost.