If you think you might get kicked out then housing security might be worth upping the payment. 

We had to wait out the First Look period, but once that passed, we secured the property below market value.

Typically we talk about cure notices for tenants, but they do go both ways for breach of contract.

IMO I do not believe they properly screened my tenant, just placed a tenant so they wouldn't have to cover the mortgage until a proper tenant was secured.

If they don't you personal financial situation plays a bigger part in securing a loan. 

The vast majority of lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.

The key is to secure financing options before finding a property, ensuring you have enough funds to move quickly when a great deal arises. 

Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.

Be aware of state usury laws and consider collateralizing the loan for security.

Nothing is truly "passive" and a big misconception with new folks wanting to enter the real estate arena.For example, just bought a 6 unit using leverage and trying to secure a loan was a disaster of a process.I can only imagine what others have to go through on every time they purchase a property using leverage.But then again, I'm bias to the "cash only" approach.The constantly changing conditions, terms, keeping tight bookkeeping records and tax returns in order and regularly manipulating the BS credit score algorithm.Placing good tenants is more a skill then hope.It took me 10+ years to fully wrap my head around using leverage the right way and being able to "manipulate" the system to get better rates with a quicker turn around.Keep being great thanks for your reading and replying to my comments 🙏