On the other hand, owning rental properties gives you full control and the best tax perks but also requires the most work and risk management.Whichever option you lean toward, always diversify across deals and sponsors, and don’t hesitate to ask for references or do background checks.

Your solution is to borrow the downpayment, as well.This is referred to as "over-leveraging" and it's not wise.

I am not making anything by referring you. 

Their character, their payment record, how well they take care of you property, etc all these things are for you to discover with your tenants and build trust between each other. 2. when it comes to screening, you must check their credit, their paystubs, their employer and landlord references, their criminal background, I also get a copy of everyone's photo ID.3.

@Katharina BormannHi Katharina, you need to put something in writing to the tenant with a reference to the lease clause to officiate the lease violation, as @Nathan Gesner mentioned.

Investors should be extremely cautious with Qualified Intermediaries that also represent (and get paid on) replacement property solutions or Qualified Intermediaries that refer clients to their "associates" or "friends" for replacement property solutions so that they can get paid a referral fee or those that actively put replacement property solutions together in order to make money.  

Due to the last few years in Austin, I now refer Austin as Austin California.  

In fact, they explicitly disclaim virtually everything and write you can lose your entire investment.  

If so, I would love to connect with you as a possible reference.

I can refer you to ones I use for my units.