Your question is should you pay cash or get a mortgage.The investment calculators will say you will have a higher return on investment using as little of your own money as possible.Depending on your goals, like if you want to buy more rentals, this may be a wise strategy to put as little down as possible.However, if you are strictly looking to maximize your cashflow, having a paid off house is great.Honestly, I have a bit of both but like having the house paid off.

They've come down strict on one of my clients before.

Spoiler alert: These are a routine occurrence with emotional 18-22 year olds.Thats no Joke... 

@Danny Van Warren is one of the most strict municipalities to work with in Metro Detroit. 

My timeline for turning over vacancies is strictly four weeks, which is the maximum acceptable period between a tenant moving out and the arrival of a suitable new tenant.

They are strictly taxation.If you are setting up a trust, you should get a CPA.Find a bookkeeper for your daily driver, if you find one that focuses on real estate, then during year-end your CPA won't charge you an arm and a leg.

While you can't create limitations against their lease and legal rights they have for quiet enjoyment, things like keeping common areas free of clutter or routine maintenance items that are tenant responsibility can often be added to help keep the expectations on both parties clear.

The underwriting is strict, and your experience level and ability to perform will be scrutinized.

An RMLO license does not teach mortgage brokerage management, it's a very basic license to originate loans under strict guidelines....originate, not underwrite.

This needs to be highlighted in the lease and acknowledged by them.Security Deposits: You can’t use their security deposit for routine cleaning, but if they leave things in bad shape beyond normal wear and tear, it’s fair game to deduct cleaning costs.I’d start by having a straightforward talk with them about the importance of keeping things clean for health reasons and property preservation.