I'd like to hear your wisdom, so that I myself can be succesful, and avoid any major pitfalls in the future!

Not properly screening can lead you to some major headaches and cost you a lot of money.

Minor example would be a satellite dish installed where it shouldn't be, and a major example would be a huge toilet leak that has gone unreported for a long period of time.

Splitting the meters is costly, and in my area the majority of the multi's were not originally built that way, so separating the water lines is necessary after you get the new meter.

The house is fairly clean with no major structural issues.

Starting the new year off with a major typo!

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideOh - and be sure to set up some Keyword Alerts- especially for "League City" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

The town is approx. 17,000 and the facility is also in close proximity of 3 major Lakes and one small University.

As of right now we are in a major bull market, so this could prove profitable all on it's own.

Nick- I'm focusing on 3bed/2bath, under 2000 sq ft, not afraid to do some renovating, but not looking for major overhauls!