Most people are good people, I'll remember that when dealing with my tenants in the future. 

I like how his analysis of demographic trends point to sustained/increased demand for multi-family and rental properties in the future. 

They can be a wealth of info and even a source of future deals and partnerships. 

If you need help in the future I may be able to refer you some people that you can add to your team. 

So, if you prefer not to use hard money, that might be a way to go in the future.

If your tenant has less to legitimately complain about than the rest of the people s/he works with, sooner or later you're going to end up with a waiting list of future tenants.

But in order to make sure they are being fair and to prevent them from future abuse to the future, I felt it necessary.

I have to keep a separate account to pay those expenses and a yearly statement accounting for escrow and estimated future payments.It’s not exactly passive. 

alot of this I think would be determined on personal goals of yourself and family followed by goals of your future for example I bought my first house 2 years ago small little 3 bed 1 bath thought great started now i have 1 5 year old terror I already see the drama of a girl in teens sharing a bath room -_- I would give ANYTHING to go back 2 years and buy a duplex "but I cant" sooo I now have great sweat equity built into my home and will be taking a heloc out on it to do my first deal.

Just a tip for the future.