All of my leases have a No drug use, or drugs on the property, including marijuana.  

And they're a no-brainer when you want to model multiple scenarios (like what happens to profitability under different acquisition prices, different rent levels, etc).

Get a lawyer to get the paperwork right, and it shouldn't be an issue.Wonky back alley type paperwork typically results in a no-go for that refi loan application.

Rough numbers I know but seems like a no brainer.

Certain things that make it a "no go" or "go".

I’m currently in a no eviction state.

We were one day away from the tenants getting escorted out of property and then Governor Wolf (PA) issued a "no eviction" policy..

However if I were in the other people's shoes I don't see wanting to give you a no-payments loan for $200k for a year and a half, and only making 4% on that money for 5 years unless all the co heirs are independently wealthy (possible but seems unlikely).  

Be careful though, if you are describing this to 4 different investors as four different first position loans thats a no-no.

If where I live had cheap houses in the 50k range then it would be a no brainer for me, but I live in CA where scaling wide to start is impossible because properties are so expense (1-2% rule aint happening here) so I have to make some hard decisions about what my goals are for getting started.I wish there were some general guidelines that work for all newcomers, such as invest local with a single family home and learn about fixing it up and being a property manager (conservative approach), which seems to be the only choice for some people.