We all do the same thing, we just call ourselves different names and carry similar but different licenses:- CPA - Certified Public Accountant- EA - Enrolled Agent - Accountant - Tax advisor - Tax strategist- Tax consultant - Tax plannerIt all means basically the same.

What's the risk or cost to you if you face an eviction or a bad tenant because you used basic screening techniques? 

I have not had an issue with the claw back scenario and if I did I would IMMEDIATELY begin the eviction process which I would then pursue relentlessly.But alas, some tenants use this trick after they have vacated your property. 

I ran some very basic numbers on option 1 and if you can get a ST/MT rental per your comments and other assumptions you list, this could be a deal for you.

Basically, the further you get away from the city the more potential for cashflow, but you're also dealing with a different tenant base that may be tougher to manage.

This is VERY BASIC finance 101. 

Thank you in advance for any help One thing I've seen with policies through NREIG is that investors have basic perils/actual cash value coverage only and aren't aware. 

Here in Colorado, you need to have a real estate license, and in order to get your license you need to go through what basically amounts to an apprenticeship for two years (associate), before you can have your own firm.  

Because I did everything wrong, started with basically nothing and STILL achieved financial freedom, I know for a fact that anyone can do what I did. 

The benefit of old homes imo is that I go in and redo all of the systems and have basically a brand new house that I know was done right bc I oversaw everything.Most new homes are built with cheaper materials than the homes built in 1900.