Sometimes the HOA can cover capital expenses like roof and exterior, so that can help cash flow as well, but the HOA might increase the dues when they have to pay for capital items.

Hi @Haemi Jung - What's your draw to Champaign as opposed to your current market?

I am curious to know if the proximity to Pennsylvania itself is a crucial factor in renting out the property, or if it would be equally viable to invest in an area further away from the city (with a 1-hour commute time, as opposed to a 30-minute train ride from Haverford).I would greatly appreciate if anyone could provide information on the actual rental prices for an average 3-bedroom house in these areas.

And I'm not entirely opposed to crypto investment.

You also have a competitive advantage in this area as opposed to where you are doing, since you know it better.

Don't have to be on the deed even to declare it your homestead.It may be splitting hairs, and I may have been unclear in my initial post, but I believe homestead laws are designed in part to protect non-title holding spouses, so if the new wife moves into her husband's house he cannot sell or mortgage without the wife's consent nor can it be forced to be sold to pay involuntary creditors (as opposed to voluntary creditors such as mtg/DOT lenders). 

When I buy properties I’m looking for newer properties, in nicer neighborhoods, with almost zero exterior maintenance.

You don't need to provide grab bars, interior or exterior ramps, wheelchair access in lower kitchen cabinets etc.

I would suggest they understand various strategies/methods to invest in real estate and then let that drive their next steps as opposed to the dollar amount they have to invest.

I know the question is mainly focused on what sorts of special protections you will need as a landlord with a lease as opposed to a longer-term AirBnB booking, so let me answer that first.