You never mentioned what I call "percentage expenses", which include Maintenance (10%), Capital Expenses (CapEx) (10%), Vacancies (your choice for your market - anywhere from 2% to 10%), and Property Management (again, based on the market - say 8%).Broken down:Maintenance - expect an average of 10% of your income to be spent on general maintenance.

etc.Thanks in advance,Colton Kansas City is a very popular rental market.

With 60 days notice, you may offer to transport them to another dwelling of their choice. 

We are buy and hold investors, so my husband and I are particular about craftsmanship and reno choices.

The most popular and successful rentals are actually not near the college, oddly enough.

I agree there are very few REALLY bad areas in Iowa, but some property managers do shy away from a few areas which it sounds like your property manager of choice is saying.  

I figured most people would choose #4 and it would have been my choice as well.

As someone with ADHD, self-employment is more necessity than choice.

Yeah, this falls into "lifestyle choice" - they can do whatever they want.

@Hugh Wagner,Whether or not to lend from an LLC is more a matter of choice than liability (I'm not an attorney).