The requirement is that the house meet habitability standards, and building code standards say a house must be pest free to be habitable.

I think what you describe is pretty much standard performance for rental properties if your not paying cash and I am just assuming your putting max debt on them to try to get your return numbers into your criteria..

@Tyler Kesling  Adding to the above great points, start with 2-4 units as it's standard conventional financing.  5+ units is commercial and somewhat of a different ballgame.   

I am above 50% on standard Visa/MC, below 50% on Amex, and about 0% with anything that is like a local credit unions. 

Now the tricky part is creating your underwriting standards and system.

Hi @Jorge Lopez appears the iOS version of the bigger pockets app has been pulled off the App Store, usually that happens because apps are not getting updated to meet current standards but I would have to defer to the BP team to clarify. 

The property has been in excellent condition since it was built two years ago, and I’ve lived there myself without experiencing any similar issues.The lease is a standard Texas lease, and I’m seeking advice on how to approach this situation fairly.

If you buy primary you only exclude $750k loan interest if you itemize deductions instead of taking standard.

CA RE Broker ( which I have) standard state MLO and NMLS  and Consumer finance license.

Start anywhere—offer to assist, intern, whatever it takes—and absorb as much knowledge as you can.