Benefits include shared financial responsibility, increased savings, and valuable landlord experience.Good luck!

Hey Ned.While researching on becoming a S8 Landlord, I saw you have to submit an application to each state you desire to become a S8 landlord in? 

When switching over insurance,do I provide the lender with a STR/Landlord policy or do I purchase regular home insurance to send to lender and STR/ Landlord policy for my protection.

https://www.kts-law.com/practice-areas/landlord-tenant-law/Good luck!

Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success

@Brandon Walston - Every state has their own landlord / tenant laws, but I think pretty much all of them (or maybe even at the federal level), you must honor the lease that is in place when you buy a tenant occupied property.

The 4th ward rentals are mostly owned by absentee landlords who treat getting citations from the city as a to-do list for bare minimum upkeep.

I own a home and built an ADU in the back yard 2 years ago and net $1000 per month positive cash flow.  I just bought a second rental home with a big lot and I'm going to build an ADU on that lot so I will have 2 home...

I have a Florida real estate license and 17 years experience as a landlord.

It's all the real estate agents, brokers and other vendors servicing landlords talking about how great it is.