Go view student rentals  and start asking the questions you have practiced and learned from your reading and research see how the landlords or managers respond, if there are other people around talk to them ask them what they think, see how that correlates to your knowledge.

I have no idea what that means in a practical and/or cost sense.  

I would start developing a relationship with an attorney that practices as a settlement agent too.

Each state has varying real estate laws and practices. 

But whatever feedback I can get from you or anyone else as far as your specific practices is helpful.

I have several rental properties, and I am inclined to not run background or credit checks on students that are in professional graduate school (medical,dental, PA, optometry, etc) because I know the requirements of the school will not permit students with a criminal history, and they are funded by loans or parents and don't have much credit history anyway.  

I'm referring to the standard practice that most people follow most of their adult lives of trading time for money, exclusively.

It used to be standard practice to empty tanks and fill with sand or gravel but that was not an insurance that there was not a leak and that the ground was not contaminated.

Great job, in practice of my calculations you are getting a 6.6 percent cash on cash return from cash in of 40k.

I know that I/we have no tangible reserves at the moment, but we've been hammering down debt like a game of whack-a-mole.Now that we've practically eliminated all of that, I began researching income property.