The biggest mistake I see is to worry too much about the cost of things like lawn mowing and water bill and the exact percentage for vacancies, but not being enough aware of the general condition of the property - resulting in 20k, 50k or more in capex a few years down the road.My advice: look for a quality property that has all the big-ticket items already done.

Average apartment rent of $1070 to national $1470 (25% delta to the downside, in one of the highest growth environments in the nation)3.

We have found the biggest benefits of self-managing our rental properties to be:1) Exponentially Higher Cash Flow2) Higher Quality tenants and therefore rentals3) More time freedom from your optimally performing portfolioAre you self-managing or using a property manager for your rental properties?

Thank you for your Post.Mike  Our biggest struggle is getting guests to go through the steps and sign the agreement.

Essentially, you live for free for 2 years to build more capital needed without the biggest expense of rent/mortgage payments, as the tenant(s) are basically paying the mortgage for you. 

One of the biggest things we look at is the experience of the operators.

This also includes future medical because that is becoming one of the biggest expenses. 

Train the tenants to understand that you have a life as well, or else you be taking on another job.The biggest one...

My biggest role in this is due-diligence and that's something I excel at.BP is always my first stop for real estate advice because everyone here is so helpful and knowledgeable.

That would probabyl be your biggest hurdle for this type of financing, especially if you're buying a property close to where you live currently.