I investigated this one for me and it just didn't excite me like other avenues.Hopefully Dave can come on here and shed some light on what the programs offer today. 

I manage a portfolio stock heavy and bond light so I was looking for a bond proxy.

I finally came to the conclusion that unless you are very intelligent or very lucky, in light of the existing laws in place, getting started in real estate isn't going to be easy.

Now that the federal government is involved (see FHFA Issues Warning on Super Priority Liens), this ruling won't last long - as federal legislation is adopted to protect the interests of quasi-governmental agencies like FNMA and Freddie Mac.  

Also went all led for lighting and put in a Eco friendly fireplace, which should be a nice value add.As well as using all no VOC coatings on floors and walls for a little piece of mind. 

Tenants pay their own, but I'd be responsible for some outside lights and the laundry room$630 = Insurance (just a guess based on purchase price/1000*3.5 - forget where I found that calc)Total Expenses = $13,704

I'm sure it's not too hard, but could someone shed some light on this?

My knowledge level is light years ahead of where I was at the start of my project and my BS detector in dealing with contractors is extremely accurate.As a business owner I understand your reluctance in letting go of your existing company.

The only way it may come to light is if I have to go to court for an eviction & if asked by a judge my standing.

Manny BPs have warned about the risk associated with it on this post and they are absolutely correct .