Avoiding the ravages and savages of the divorce court system. 

I'm not counting those since I don't manage them, but I typically avoid cities and states with laws antagonistic to landlords.

However, they require consistent maintenance to avoid becoming a liability.

You think that in the event of a liability lawsuit, a landlord will be able to avoid notice of loss to their insurance by defending themselves with the coverage provided by the tenants renters insurance? 

From my experience, taking it step-by-step has helped me avoid mistakes and build a solid foundation for the long term.

I want to avoid mistakes as a new landlord so hoping to learn from all of you! 

We also got them to have it professionally cleaned, ducts cleaned, they threw in some furniture for free, paid a lot of the closing costs that buyer usually pays, paid most recent mill levy instead of prior years taxes, paid my 2.8% commission, etc. because it is a buyers market and that's what you can negotiate in a buyer's market. 

Sure you’ll be taxed on it.

The promise of accelerated depreciation and immediate tax savings is attractive.

Working with Real Estate ProfessionalsLocal Real Estate Agent: Choose an agent experienced in student housing.Property Management Services: Consider hiring a property manager if you’re not local.Inspection and Appraisal: Conduct thorough due diligence to avoid costly repairs.6.