And typically long term rentals don't make it easy to include property management fees into the numbers and have them still work well.I would consider looking into STR type areas where you can avoid the risk of property damages (str and pm insurance covers almost everything that they might damage) and evictions/collections.   

The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.

They have rules and best practices about how we put these deals together which has collectively saved us from much of the pain being experienced right now in the multifamily space. 

Just a point of fact Class action suits are a pipe dream at this level in almost all circumstances. there has to be money to collect.  

@Rickie LattimoreGive up 95% of the equity - oversee the properties and collect a management fee.

I actually collected the differential of 7% interest on the $50,000 note (this was an interest only note - not amortized) for 18 years!.

In a few of the states there is either a form. you must sign or an application that your escrow closer must file in order to exempt from any state taxes or withholdings that might normally be collected at sale . 

If you choose not to show up, he would almost certainly be awarded a judgement.Of course, you could choose not to pay the judgement, but then he can send it to a collections agency and your credit score will be trashed.I don't see a scenario here where you get through this cleanly.  

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.

I found some amazing tutorials on YouTube itself that taught me the basics of video editing and optimizing titles and thumbnails.