The sophisticated money is not buying in stagnant markets with poor fundamentals because they can achieve the 1% rule, can complete a BRRRR or because of more favorable landlord tenant laws exist just to highlight what’s rarely part of their acquisition criteria which is a stark contrast to the mindset of most within the BiggerPockets community.Since your focus is specifically on landlord tenant law component I’ll add those who follow the law, properly maintain their property, respond timely to tenant requests, use well drafted and fair leases and don’t unreasonably withhold deposits  find themselves in far less tenant controversies. 

Unless you are doing construction and acting as a GC, owning a property management and leasing company as well as owning real estate, maybe then have one.

They learn Sub2 and Seller financing, maybe even lease option, strategies.  

While 3-5% increase is the tolerable 'nice' approach, it isn't on you to absorb market increases in expenses if you aren't on a yearly lease with your tenants.  

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

I want to lease out the facility to a company/corporation.

Smoking is definitely happening in a unit (leased rental unit, inherited tenants).  

Key features include:- Automated rent collection, late fee processing, and lease renewal reminders- Marketing your units across multiple sites (zillow, apartments.com, etc.)- Integrated compliance module for local ordinances and regulations- Customizable reporting and analytics dashboards- User-friendly interface for landlords and tenantsMy goal is to empower landlords with efficient, cost-effective tools to manage their properties, minimize risks by being updated with all the regulations in their markets, and maximize returns.

The person will assist in some prop management but largely the GP will oversee/ manage most of the deal (design, permits, construction, leasing).

If you want to rent to college students, you could rent by the room for 10 month leases and if the location is right, Airbnb the property during the summer months.