It’s proven very effective and just makes good common sense.

You think through the major systems in the house (roof, exterior or tuck pointing, hvac, plumbing, electrical, unit turns, common areas) and if they are all new you should be good for a few years (5-10). 

- Insurance policies (some may not cover rent by room)- Friction among tenants regarding common spaces

There is very little technical knowledge needed, but there is a lot of common sense needed.I would google "rental property investing for beginners" and see what you uncover.  

The Jerome Village income charge is definitely unique and it's not common at all in Columbus subdivisions.

this is all i needed to see:Business coach Kris Krohn blasted for pulling kids from public school over fat teacher (nypost.com) Ya know, as a holistic health provider and conscientious parent, I'd probably do the same if my child's teacher wasn't a good fit. 

This is a common issue with investing in existing & older homes.

Taking the time to work with the Banker and discuss common rents, taxes, any HOA's for example is key.

@Aus Smith if there is base rent and then an extra fee the resident pays for a common utility, we count that as revenue towards a percentage-based management fee. 

Immediately before closing the sale dissolve the LLC and distribute the property to the former members so they are all tenants in common.