There are no problems being a landlord , just buy a property take the first renter that applies and rake in the cash . 

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

Quote from @Cristen Marcotte: Quote from @Jason Sung: @Cristen Marcotte, i wonder how you liked your experience with Your Renter Insurance Group? 

Lots of areas that pencil very well on paper but the quality of renter you will get is going to eat into any profit you may think you are getting.

Typically homes in-between tenants, or a new purchase with intent to have renters within 30 days this is allowed. 

With that they may be able to recoup from their renters insurance (hopefully you require this)  If locks are damaged and the unit isn't secure you would need to take care of that right away.

If I were a decent renter shopping in that neighborhood, I would choose that brick building over yours every time. 

I've had qualified renters move into a rental, add their bum friends or family members, and then disappear, leaving me with bad renters who weren't approved and aren't on the lease.The best practice is to screen every adult, approve them, and add them to the lease. 

You may make $50k on a flip but have to wait 6 months from list. ( in specific areas - not all of CLE)As a full time investor turn time is hyper important for me to turn my properties and money over as many times as possible in a year.Another example is are you a flipper or a renter.

Security investigated to find the renters still at our house.