I've heard there's a good chance the mortgage company won't care as long as the payments continue to be made on time but I still want to protect myself just in case.

Growing demand for rentals in neighborhoods like Midtown and Corktown provides consistent cash flow, and government incentives such as Opportunity Zones further enhance the investment climate.To add my perspective, it’s important to conduct thorough market research and assess trends carefully.

Yesterday I found out that my old neighbor who moved away to take care of her father, inherited the house next door upon his death. 

If you've never done rentals before, I'd be careful with how you start. 

Just make sure to vet them carefully and ask for references from past deals and proof of their track record.

- The tenant may be granted permission to customize the property such as painting the property to their liking or upgrading flooring or customizing bathrooms which can create more feelings of a sense of ownership in taking care of the property.- The rents are usually $100-$200 higher than the average rental amount which can create a higher monthly cashflow.- Tenant takes care of most of the fixes and repairs for the property, except for large ticket items that should have been taken care of before the tenant occupied the property.

Too many will tell you they can do it, but end the end can't so be careful there.   

Many investors prefer to work with experienced local property managers to oversee day-to-day operations and ensure the property is well-maintained.For apartments, they can be solid investments due to economies of scale, but it's important to carefully assess the location, rental demand, and potential for appreciation.

Hope this helps for now, and great to hear you are paying attention to your hard earned retirement funds with such care and discipline! 

Through proactive maintenance, efficient tenant placement, and careful financial management, I optimized rental income and ensured a steady cash flow.