It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain. 

In Ontario, can you require tenants to have Renters Insurance and add you as additionally insured?

From reading the description for the Schlage Encode, it was a little unclear if it requires some kind of hub...

Find one of those in a desirable elementary district and you’ll be ok (but also face competition in the bids).  

A desire and ability to share their knowledge4.

I know everyone has their own requirements, but for me I would like to see a higher planned return.

How about IRA requirements, for instance to be a real estate professional you need to document x# of hours (which is nearly impossible to do w/a W2 job.)

Almost every time they require additional cleaning and most cleaners hate it. 

Hi Tyquan,There are lenders out there that does not require experience!

Most lenders have seasoning requirements, so you would need to own the property for 12 months to obtain a loan based on appraisal rather than lower of appraisal or purchase price.The longer the period of since property purchase the more likely an appraisal higher than purchase price.The exception may be a "hot" market where prices are moving up sharply almost every day.