My recipe, too, along with best practices you get a triple coat of armor (no guarantee of course) but if you (1) are careful/reasonable/meet standard of care in all aspects that helps (alot); (2) have your landlord's policy (mine is in that same 300K occurrence range with all the bells and whistles); and get an (3) umbrella, and RLI allows me a number of residential rentals (which expressly includes up to fourplexes) Very affordable 1-3 million range in my opnion..

@Jimmy Chou  interesting ... let us all know how it pan's out does not sound like there is a ton of money in it.. unless your all wholesaler type dudes and the thing is really worth double or triple what you all are in contract for.  

My business plan & strategy is to buy C/D properties in the "path of progress", rehab up to rental grade for the area, and keep renters in those properties for the 2-5 years the property values appreciate and then renovate those properties again for resell after they've doubled or tripled in value.  

It is currently being used as parking for the tripled, and although Will hurt it a little.

In my county, property taxes almost triple!

We have a written checklist (not mental): Location- We have a location criteria before we make offersCash Flow/Return on Investment (ROI)- We have a Cash Flow/ROI criteriaARV/Renovation/Equity- Most of what we purchase requires improvements so we have a criteria for the ARV required to support a potential refinance & still leave us w/ equity We try to avoid, minimize or kill the following types of dealsFinancials- Owner won't provide the required financials during the due diligence period.Taxes- We don't have a tax criteria but we always double/triple check if we've purchased a property that has an expiring exemption.  

My biggest surprise came when they launched the book and I saw the price...I would have paid triple what they are asking.  

One of the most useful lessons I had in primary school was called "Reading and Phonics", 1st grade vocabulary, reading and spelling class.I did have rather a challenge trying to sort out what looks like a triple negative in your statement, quoted above.I didn't find Leigh's attitude at all arrogant, but that's the challenge people like us face.

If the average tenant stays one extra month for each time you go above and beyond to provide exceptional service, you've doubled or tripled that few hundred dollar investment.I don't think its necessary to provide anything more than the central air, but if they ask about it, I would make the investment in their satisfaction as customers. 

Renting at a good cap of 10%, with Triple Net lease.Rent for the condo, increased after 3 years, we finally have positive cash flow, with the 2 lease too.We sold our home, and relocated to a better promotion and bought our current home. we took out a loan ;pNow, our appetite for investment is growing.