I thought going in there would be questions, verifications, photos etc.

Being a builder, my first thought goes to the construction type items: Tile or wood floors, vinyl shower kits, high quality wall paint like Behr Marquis, solid wood furniture, good appliances not cheap rental ones, easy to maintain yard outside like DG, artificial turf and gravel. 

@Evan Polaskithanks for the thoughtful response. 

I'm not the sharpest tool in the shed, and if you give me a penny for my thoughts you'll get change back, but I grew up in Texas and we're grass fed on personal responsibility down here, so... 

People who invest are prepared for those issues.

Thought it would be nice to start participating in the forums and connecting wih others, so here we go!

What are your thoughts on the deal structure below?

We've thought about subbing out to a proper "property management" company but we really don't need help collecting rent or expenses (this is all done electronically online) or even finding new Tenants on the odd occasion when we have an Apt turnover (we use Brokers for that) ...

Thanks again for your thoughts. 

You must be prepared from multiple angles and know how to maintain stability.