I have faith in you.

They do not collect payments, but when you sell your home they will get some of your equity appreciation.

Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!

They can also collect rent for you. 

@Michael Darten  Most property management agreements have the monthly PM fees based upon a percentage of rents collected.  

If you are able to buy a house where you are and have your friends as roommates I’m thinking you will be more likely to be able to collect rent.

Way to many investors were buying properties for more then they were worth with hopes of collecting MUCH MORE than market rent.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

The screening process plays a big role in the odds of collection.

I always collect social security numbers, driver's license numbers, date of birth, etc.