I would also set boundaries with the tenants, you might want to not out right say you are the owner either. 

The house is set way back at the end of a long winding driveway, the front is fully fenced for maximum privacy. 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

A window of time to present yourself, get processed, finger printed, all info set.

If you are trying to do this in Newark, you need to know the market of that particular set of blocks so you don't overdevelop for the farm area.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

I’m just taking it one step at a time, learning as I go, and trying to set things up the right way from the start.

A good rule of thumb is to have 3-6 months of expenses (mortgage, utilities, insurance, etc.) set aside per property for emergencies.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.1245 property aka anything that can be accelerated such as 5, 7, or 15 year property like carpets, cabinets, or other site improvements.