It also provides a stable W-2 job so you can qualify for loans.

I have identified some markets that seem to have a stable population with stable rents, near hotspot cities for plenty of employment.  

This said, his property management thoughts are top shelf.

If cash flow is that important you will likely need to shop smaller markets (population of 40k or less), but of course, your risk will increase in those less stable markets.

In the future I see them being more regulated, more stable, and bigger companies taking over more of the share. 

I do not have the luxury of leaving my current soul-sucking job and stable paycheck to dive into this full time.

I lucked out with buying this first property from a family friend where I knew there was no problems, renters were stable, and it was a good deal.

Assuming the parents are stable, financially (with significant savings) and otherwise, since it is a SFH any drama should not cause significant problems for you.

There is an additional trip charge of $50.00 for non-scheduled service calls.In signing this document I (we) agree upon and accept the above charges upon move-out or when necessary.Date Executed: _______________ Date Executed: ________________ Tenant Signature(s): Landlord or Property Manager Signature: ____________________________ ______________________________________________________________ Plumbing Replace kitchen faucet $150.00 Replace bathroom faucet $105.00 Replace faucet handle $20.00 Replace faucet aerator $10.50 Replace shower head $27.00 Replace toilet $175.00 Replace toilet seat $25.00 Locks Replace key (door or mailbox) $10.00 Replace cylindrical door lock $35.00 Replace deadbolt lock $25.00 Windows and Window Coverings Replace window pane (single) $75.00 Replace window pane (double) $125.00 Replace mini blind $20.00 Rescreen window screen $25.00 Replace window screen and frame $50.00 Miscellaneous Replace refrigerator shelf $35.00 Replace stove/oven knob $20.00 Replace plastic countertop $325.00 Replace mirror $55.00 Replace medicine cabinet $75.00 Replace towel bar $25.00 Replace shower curtain rod $25.00 Replace shower curtain & rings $18.00 Replace shower/tub enclosure $350.00 Replace thermostat $80.00 Replace fire extinguisher $35.00 Remove junk and debris (per area) $35.00 Replace smoke detector $40.00 Replace combo detector/alarm $50.00 Replace alarm battery (per battery) $3.00 Replace drop ceiling tile $10.00 Replace wireless doorbell $35.00 Replace portable window screen $15.00

are they all mentally stable?