Your responsibility is the DP, and the CF accumulates to pay you back the full amount of the DP. 

I did this and I found out that there is a surprising amount of people in my life that invest.

I ended up having to get a state fund work comp policy for $5000 which I think is the minimum amount regardless of scope.

A 3% appreciation on a $1M asset is a bigger dollar amount than on a $100K property out of state.

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

However, they spend a ridiculous amount of time for 1-2 deals a year.

If you switch to or stay with the custom tax settings, you'll need to update the amount of tax collected to 7.75% because the 9% city tax will be collected and remitted by law to the city on your behalf, but  the 6% state and 1.75% county tax will be collected and sent to you to remit to the state and via Avenu to the county. 

Once the tenant moves out you are allowed to charge any amount you like.

This process requires a significant amount of effort.

To be honest in today’s market I’m not seeing nearly the amount of wiggle room in renegotiating a price based on repairs.