Their perspective is that we should pay the tax, insurance, and maintenance while they sit on their savings and live in the house for free.   

I have seen this range from as low as $100 up to $300.Do I need to pay anything before sitting at the closing table?

Probably have to sit on your investment for a while as who knows how long this will take to build. 

While everyone else is sitting at home on Zillow, I'm talking to the guy with the flip phone reading the paper :)

A landlord, however, isn’t able to just sit back and do nothing while collecting rent from him for the remaining months of the lease.Generally, the law requires landlords to “mitigate their damages” and make a reasonable effort to re-rent the unit to another qualified tenant.

There is a big marketplace for used appliances so you can always sell them, I understand your concern about them sitting, the dryer could sit indefinitely and the washer would be the main item of concern that I'd just sell Like others have said, you ultimately picked these tenants out of the 50 applicants you had.

I also got my real estate license at age 23 and learned massive amounts of priceless information about the industry through experience and by sitting through every Keller Williams training class possible.

Have them not anything wrong (carpet condition, paint, yard, etc.)I just helped with a lease of some commercial space for a non-profit I sit on and their leasing agent didn't do this.

Since it's in your personal name already, I'd recommend refinancing this onto a conventional loan and you'll be sitting pretty at something like 75% LTV, a low interest rate for the next three decades.Am I following correctly here?

It would be great to get into one with a high APR checking account to be able to earn interest on the money that is sitting in the account while I pay the loan off!