Definitely something LP's should strongly consider when vetting out a potential GP. 

Screen potential tenants thoroughly with applications, background checks, credit checks, employment verification, and reference checks.When screening potential tenants, it is important to use industry-standard forms and reliable screening services to ensure compliance with fair housing laws.

Obviously the homes I am looking at will be in potentially run down/less than desireable areas... the key for me is to not be in the "go in that area and you get killed for being there" areas. 

If you have a down year, the answer can really hurt you the following year, making it harder to recover.

The property has three floors, and I'm looking to potentially convert it into multiple rental units.

I had always wanted to work in real estate and saw the potential in this deal.

I had always wanted to work in real estate and saw the potential in this deal.

I was looking for a single family residence for me to potentially start a family in one day.

No surprise, but most lenders won’t touch a DIL.On the other hand, some lenders also flip houses or hold properties, so if the home is in good shape with equity or the potential to drive equity, they could be interested in owning it.

Navigating STR regulations can be challenging, and I'm considering potential locations in Vermont, Rhode Island, and upstate New York, specifically around Syracuse or the Jay area.