@Patrick Desjardins  those are exceedingly good points.. turn key companies are market makers.. and without them the values would be far lower and the neighborhoods would end up looking like many of the worst areas of Detroit..

Technology in the next 10-50 years will make real estate jobs and agents useless.

We remove all disposals and ice makers from rental properties.

I would have told them to cap it (sorry tenants no ice maker for you deal with it).

I have been able to make really expensive houses work! 

@Tina M Mckenna-Gilleykudos to you for wanting to learn more and make RE part of your portfolio but... unfortunately, I think this is a really, really tough time in the market cycle to try for cash flow, especially in a short period of time.you could house hack - where are you located?

He knew he technically was still on the hook for the rent, but apparently he trusts her and her parents enough to make rent and the situation not to cause any issues for him down the line.Since first talking to them, they have now come to some agreement where he is fine with signing something saying he's not on the lease anymore. 

As part of my due diligence, I always ask for proof that the prospective tenant has paid the last month's rent.I personally don't care how much praise the current landlord gives me about the prospective tenants, that could be a smoke screen to get rid of the trouble makers as fast as he can.While it's not 100% fool proof, if I don't see a cashed check or other proof that the tenant has paid his current rent, I'm going to put this tenant through the grinder to get every single detail I can.I consider this kind of check to be more important than an Eviction check.

On a project most investors like 1 decision maker.

Also, make sure you are really okay with the idea of not being the only decision maker, or having zero control at all in the performance of the investment.