Most other professions have a Code of Ethics that provide bright line tests for its professionals to follow and for the governing body that is responsible for the Code to censure/penalize those that cross those lines.As far as your question about "whether it's OK?". 

If anybody here is or knows a good broker please let me know.Also just looking to do some more net working, I'm available during school hours, so if any body would like to get together for lunch or coffee, maybe you need help with a renovation budget for a flip or maybe you would like a second pair of eyes for a home inspection let me know I would like to get involved in the local investing community. 

There are so few audited that it's been hard to develop a good body of case law.  

@Ryan Van Fleet Number one thing is learning about their practices and processes.

Stay UP every body.

Thanks for reminding us of the long view--and the fact that today’s low rates may very well be fleeting.

Well, there's always Bitcoin :D.Seriously though - as much as I hate the hair-brained and pandering policies Seattle City Council and other similar governing bodies, I think we as landlords tend to blow the eviction thing out of proportion.

Would encourage you to also budget for bonuses for rent collections and new leases / home sales.Each commission should be paid over several months to ensure they are screening tenants properly and not just renting to warm bodies for the commission.Good luck!

Usually there is a local busy body that knows everyone and all their business.

.$20k down, no rehab costs, 1 renter in place for 4 years that has taken increases of $25/mo each year, a GRM of 5, COC of about 19% (about $165 per unit after all expenses), all capex work was done 6 years ago or less (there's nothing to do until something breaks) , and owner occupant is a busy body handyman type.