NO one will ever take as good of care of your money as you will- and MANY will take less care about your concerns...I agree 110% with what Jeff said.

You'd need a staff and therefore many more rentals to net your number.Your kind of number is more realistically achieved with apartments and mobile homes than SFH.

I'm not as concerned about my lungs, as our suites are separeated by a floor, but I'm more concerned about my nerves...it's like having to smell someone's body odor.

However, my concern is I really have no interest in the building other than the tenant.

We are working on a Mobile Home Park in Georgia and would like a referals to a good commercial RE lawyer that can review contracts and help setup an LLC for the property.

Which means you're not required to carry insurance for the person, BUT if the person gets hurt on one of your jobs, you may be liable.The solution here is -- if you have any concerns whatsoever -- to find an insured handyman to do your repairs.

I'd be concerned that a tenant would make an argument that ~$200 for a one week late payment is not a reasonable estimate of your uncertain damages. the best idea I've heard of is to offer an early payment rent CREDIT.

I'm most concerned about the upside down status of the property.

It is the best way to create your own economy.There are two Special Forces brothers( active in Afganistan) who will be at Lonnie Scruggs Ultimate Mobile Home Bootcamp in Norfolk the end of October.We invite active military people to come to seminars as our guests for free.

You should also look at small mobile home parks near military bases.