@Jordan Moorhead Is the perfect choice

Anyways, tons of good suggestions (especially from @Andrew Postell as usual) above and I hope you make the choice that makes the most sense to you.

If they clog the sink and it does 10K in damage, you have two choices:1) File a claim with the renters policy.

In fact, the builders are smart by using that money to pay for the construction which minimizes the need for bank funding.

The rent numbers are probably true, filled with people who cannot pass other landlord criterias and have no choice where they rent, but the house is probably borderline condemnable.

It'll be a personal preference choice. 

I bet smart developers will tear down buildings and build condos or FM Rentals like they do in NYC to hit their return requirements. 

I think the best thing to do now is decided the state to invest and then ask for referrals Really smart approach.

I'm sure this choice has tax implications, liability implications, maybe lending implications, and definitely implications I'm not thinking about.

I am new to real estate investing and so glad to have found such an incredible group of smart, talented and helpful people.Real estate investing on this level is new to me but I have always had the burning interest to one day really dive in.