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

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

Currently, I lease one of the three units to someone who keeps it clean.

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

Purchase price: $94,000 Cash invested: $94,000 Bought an SFR that had a lease in place and the renter wanted to stay.

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

I have been managing this one property where everything has been going well and housemates have been happy and even renewing their lease for the past couple of years with no complaints.

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. 

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.  

I've been seeing a few properties in my buy box being sold with master lease to corporate tenants and the numbers seem to be too good to be true!