I’m fairly new myself but having a blast in the process!

Use an estoppel certificate to ensure all parties agree on the lease terms, rent rate, deposit, etc.

Is that fair?"

What ever the 2 of you agree on is whats fair 

We are fairly new to this, we own 2 duplexes.  

Ensure you have enough to buy an investment property and also enough for a safety net in case something goes wrong shortly after purchase.

Generally, you should be banking on 2-3 year but tracking #s monthly to ensure that everyone is staying on track.

My favorite $25/hr massage place is that one on the corner of Tapo and almost the 118 and my friend who's house I'm at all the time is just a couple miles past that.The answer to your question should be fairly black and white-- just run the numbers.

You are not allowed to discriminate, check out Fair Housing Law.

@Kai Van LeuvenIt’s sounds like you’ve gotten all the low hanging fruit, another couple things that come to mind Is reducing boring expenses that people typically dont shop or spend alot of time addressing;-taxes ( I don’t know how tuned in the city is to your remodel but you want to spend a little effort ensuring you don’t get hit with a property tax increase )- I’m not sure the type of tenants your looking to attract but a playground might go a long ways to adding value-Insurance ( anything you cad do to reduce your insurance?