We built the bosses sister a 3500 square foot home. 4 bedroom, 2 1/2 baths, cavernous kitchen/dining/living room with 25' cathedral ceiling, massive laundry room, massive entry, office, gym, multiple pantries and closets, 2 car garage with 2nd floor game room.  

The big thing is the purchase prices are normally low in my area.

Tenants don't see any difference between a den and a bedroom as long as it's a functional living space, so you won't run into any issues thereIt's unlikely that you would have to pump out the system more than normal with standard usage, but one thing I would recommend is to always ensure your septic alarm is fully operational.

Where open floor plan looks especially awkward is when the living room is already narrow from side to side and goes straight back into kitchen like a train car.

I'm applying for various Leasing Administrator and Assistant Property Manager roles, although it's a slight career switch from my normal day job as an executive assistant.

The worst part of renting to my Parakeet tenant is that her cars are spotless, her house is spotless, every time I go over my car needs to be washed and all I can think is they must look at it and think "geez, there goes the neighborhood" lolOne of my best tips, I learned from a friend who owns 50 plus rentals- always collect the rent in person.

Some thoughts - garages or carports, for extra income from tenantsIf you have the ability to add a second driveway, consider trailer / boat / rv storage in an area enclosed by a privacy fence, or even garages to be rented to non-tenants for cars / storage.

Ideally, I'd like to buy a more practical car for managing my rental (something with more storag space) later this year. 

Also, if you have more deductions than income, i.e. losses, then normally it means you are losing money.The primary way to go is with depreciation, since its a non-cash deduction. 

Sounds like they are cooperating.You can tell a lot about how the tenants will be by how they keep their home, their car, themselves, etc.