The tenant pool, however, is about 5 miles wide and 1 inch deep. 

Taking care of a pool is hard!

I would love to hear YOUR experiences and other tips you may have to share about your successes or mistakes!

any tips or advice is welcome and if anyone has any info on the Scranton area that would be great too. 

Great tip!

Not so easyDisagreements happen - gotta be clear on who does whatActive participation required - not ideal for your hands-off friendsSyndicationProsLimited liability for your friends - they only risk what they investEasier to raise money from a bigger pool of investors - more cash for bigger deals!

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Large community pool, 2400 Hoa a year.

Any other tips? 

Also, any tips on best possible approach I can take.ThanksSam