I have a section on drain stoppages that cite that anything besides that caused by defective plumbing, tree roots, or acts of God will be the responsibility of the tenant and contains a list of the obvious of what not to put in the drain and that tenant agrees to pay plumbing cost to clear stoppages beside the above.

Fantastic, that was the entire point of this thread, to educate others on what not to do and what to do.

The best part of this... you know some of what not to do!

I have people pitch this idea to me multiple times a year, so let me start with what not to do:Landowner : I own a piece of property worth 100k, and I owe 95k on it. 

@Mike Reynolds Don't be messing with my dream ;) I can handle a flurry or two and long as the temp averages 60+ which it seems like that is the case from everything I have seen...I will put up with 60 :)  Connect with me on FB and what not so we can stay in touch.

But at this point, I see it as cheap tuition for an education in what not to do in my own business.

If anything, men that have been thru that stuff are providing some valuable advice on what not to do.

They won't make any money on the front end through fees and what not since I believe they are capped at 3% max of the loan amount per federal guidelines.  

I mean, taxes have been paid and collected (property tax and what not).

Any advice on how to find properties, how to finance, local contractors, and most importantly...what NOT to do, would be greatly appreciated.