A quick check of new listings results in many listing that seem well below market rates.   

What should the "ideal" comprehensive check list include?

Also, check out LoopNet or Crexi for listings, though keep in mind that the best opportunities might not be listed publicly.

For rentals, they can work well if the HOA is investor friendly and cash flow numbers make sense.Financing can also vary, so it’s worth checking lender requirements for condos (warrantable v non warrantable) versus SFRs

Is the promise of not having to do anything but cash the checks just too tempting to see through?

Hi Xavien,You’ve raised an excellent and often overlooked point about the benefits of business credit, particularly for real estate investors.

@Makan A Tabrizi Check with your insurance as I’m not allowed to have gas stoves or ovens.

@Kayla M.Have your agent check in a mile or half mile radius for other investors in the area and try to reach out.

Also talk to them and see if them paying on the 1st and 15th works better for them (if they are paid twice a month), but explain that the late payments need to stop.If you don't renew their lease, check your local laws to see how much notice you need to give and what the rules are.

That might be the biggest hurdle - but otherwise, I'd check out "DSCR Loans" which are the perfect option for people like you looking to buy rental properties w/o W2 or DTIWe don't own any other properties other than the investment property we just purchased.