Good location is a big factor.

Plus the 1031 exchange agent's fee of $6500 for a build-to-suit exchange, the initial acquisition cost was close to $120k.

And what are the fees!

You can point them towards resources, but I recommend you stick to your policies (if you have any) regarding late fees and eviction.

You have a good point about the hassle factor though. 

Investor depends on a number of factors including a.)

The turn cost almost $4,000, not to mention court fees, attorney fees, and lost rent. 

My question pertains to impact fees. 

The mortgage company gets paid off first, then in a traditional sale, the rest minus agent fees and utilities and closing costs goes to the seller.

We're contemplating allowing pets, as there will be no other roommates besides us and we don't have any allergies.Questions:- Considerations for Allowing Pets: What factors should I take into account when renting to tenants with pets?