If nothing else it's always a good deal to get your mortgage paid in the interim especially if you aren't making use of the property.Cashflow is about $680 per month after all expenses- mortgage, property tax, insurance, HOA, monthly fees for agent, gardening, pest control, pool cleaning.

We use the following addenda with all leases:Asbestos DisclosureBed BugsLead-Based Paint DisclosureMold and VentilationSmoke Alarm & CO DetectorPlumbing (how not to clog up your plumbing, resident will be charged if we come to snake a clog and the clog was caused by anything other than toilet paper or organic material)Estimate of costs of certain items they'd get charged for out of their deposit at turnoverPest ControlAppliancesThe following addenda are included with leases on a case-by-case basis:Refinished Surfaces Care & Maintenance InstructionsCondominium/PUD (who the HOA is, whether resident has been provided with a copy of CC&Rs & Rules & Regulations)Fireplace Addendum (decoration-only, clean-burning logs only, gas, etc.)Landscaping (resident responsible to water, owner pays for gardener)Parking (only used if resident pays for an additional parking spot/storage/garage)PetPool/SpaSatellite/DishHardwood Floor Care & MaintenanceLastly, due to the recent legalization of marijuana in CA, we are sending out a Smoking Addendum to all residents specifying that smoking both medical and recreational marijuana are prohibited by the no-smoking clause in our lease agreement, as well as e-cigarettes and vaping devices.

Garden City..?  

What I can think of so far:Pros:- Convenience- Build relationship with neighbor - If things work out, can use him for small fixes on a day to day - Potentially develop garden suite together down the road- I know where he lives so he's less likely to run off with my money?

Out of these I feel the most drawn to Des Moines, I just visited there last week and really enjoyed my time visiting the downtown market as well as the botanical garden.

For example: rental tenant cover letter. she Loves the beach view. has a cat. gardens and the porch/ patio is perfect for coffee. short letter. 

I would try to find some contacts in Garden City, KS who may be interested. 

You can try to invest in rental properties in any of the college areas surrounding UNCG or Greensboro College (Tate St, spring garden, Milton, etc) if you wanted to go the route of student rentals then Greensboro is definitely the place as there are 7 colleges and universities in the city.

Hi Folks,Just days before closing on a multi-unit in west Wicker Park we learned the city had revoked the permit for the garden unit of our building.

You can often avoid the hose adapter if the basement faucet in the target property is the old copper kind with a spout that is already threaded for a garden hose.Hector, I also agree with Marcus that the fact that your agent didn't explain that with a 5%-down FHA mortgage you will have to live in the place for a year is a serious red flag.You also need to listen carefully to @Timothy Howdeshell's warning that $20K rehabs are more or less a pipe myth.