I did it out of necessity. 

And we had State specific leases drawn up for each State we operate out of.WE TOOK OUR ATTORNEY CREATED 10 PAGE LEASE AND OVER THE LAST 20 YEARS HAVE IMPROVED IT TO 26 PAGES OUT OF NECESSITY.5) How are you going to show the property when it is vacant?

The managers will take care of most of these things, but I can't help but think it's pretty much a necessity to retain a lawyer to let me know in case there's any paperwork I ought to be filling out, or licensing I need to stay on top of, just in case.Another concern is that these buildings are not located in my immediate area, or any area that I'm yet familiar with.

It's a necessity. 

I did so by necessity as I am cash broke! 

PLEASE get a team in place before you closGood luck  Yes agree having a team is a necessity, just like building any business you need the WHOs in place. 

I don't deal with starter packs of anything... honestly I'm surprised you're getting good reviews if you don't provide full necessities! 

But it is very easy to "fall into" a rental property out of necessity or convenience when one moves or upgrades their house. 

If we continue to have the inflation we are having and reduce the benefits / monetary supply we will see more defaults (which I think will end up as BK's) as the majority of americans do live paycheck to paycheck and as food and necessities continue to increase significantly, people will not be able to afford their homes.

I have always been a proponent of free market solutions to real world problems and there is no emotion involved in the calculation of economic equilibrium.John’s situation is a reminder that the hardworking people who service America will increasingly struggle to afford life’s basic necessity of shelter, and this reality has second and third order economic effects that reach far beyond John.The affordable housing crisis is not just about struggling blue collar workers and single mothers….it threatens the stability and economic prosperity of our entire society.