You'll want a PMC that will check on the property monthly or even weekly, to keep the college students obeying the rules.This management may cost a bit more, but is well worth it!

It takes a very long time to even get in the ballpark.

Is there a way I can structure the deal where even if I am unable to make payments, nothing would happen to my credit/record?

And then you argue with me saying that I don't know all the details (as in, well, these days even a man can get pregnant.)

There are tons of filters you can use including out of town owners, single family, multi fam, equity percentage…etc. https://www.melissa.com

It worked out great and I didn't have a single month of vacancy.

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

If you are ultimately looking for a mostly hands off solution you have options there as well with single family turnkey.

What type of property do you plan to purchase(Single, multi, commercial, etc) and where do you plan to buy it?