Reading your post and your reply, my intuition is screaming DO NOT buy this place.  

Here are my suggestions:1. read up and understand the landlord and tenant rules, know the lease papers you need, etc (join local landlord networking groups)2. learn how to screen tenants yourself (using your intuition and finding an efficient way to do it)3. find out what your prepayments, double ups, annual increase, etcs are that you can take advantage of, and make sure your mortgage is linked to a HELOC4.

Through it all I learned the biggest factor in the mistakes I've made has been letting my emotions get the best of me (i.e selling on intuition, not sticking to my strategy, etc.).

As counter intuitive as it may seem, these owners are almost always unapproachable and almost always a very difficult client.

Thanks Scott and Greg... guess I will just have to trust reviews and intuition. 

I have seen deals like this go both ways so you have to be fairly intuitive or investigative about what's to happen in the area.

Solution: Get an Intuit Payment Network account and pay the water bill yourself... but only after getting an online payment from the tenant.

Hello Timo,Let me emphasize what Ryan has just said.Begin your new life in real estate by getting counselingin debt management and money management.At first that seems counter-intuitive.

Many of the posts that I've wanted to mark are in threads where there the title/subject isn't intuitive to what the specific post was about.

What I'm about to tell you may seem counter-intuitive, but after being on this side of the equation, there are other considerations for you to look at.We started by partnering with another turkey provider.