You sound like you might jump at the first bad application that comes in so you need to watch out for that as that is the worst new landlord mistake you can make.

I've made this mistake before myself. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

This is a mistake that novices make all the time.

At closing, the accumulated credit is applied to reduce the purchase price, eliminating the liability.

So translate this into a language that is easier to process.You made a mistake and turned left.In order to FIX your mistake they are telling you to... check this out....

The odors are not always easy to eliminate within the normal apartment turnover routine.

However, this strategy doesn’t eliminate the need to budget for repairs and capital expenditures (CapEx).You’re right that without cash flow, unexpected expenses like emergencies or major repairs can be risky.

To avoid those mistakes some people like me trust companies like RTR because they advertise themselves as people to be trusted.

Unfortunately, many make the mistake of solely looking at the numbers when that is not the entire picture.