As soon a the "we found mold" card gets played, you immediately offer them to vacate with no penalty to insure their safety. 

If someone says 5 or 7%, they may or may not have decades of experience behind them to qualify such lower numbers.

I manage around 400 rentals with 14 years of experience and have never been sued once.

those with experience in the industry will tell you that Service is far more important than saving a few bps shopping lenders all over the place.. not to mention all the credit pulls for menumber 1relationshipNumber two know they can actually fundnumber 3 rate and termsNumber 4  junk fee's sniff those out many times lenders on the private side spring those on you in the final hud and your stuck. 

I’ve done research but hoping to hear from REs with personal experience.

We have rentals in Bartlett, and so far it has been a good experience.  

In my experience, many insurers will cover the house but not the roof, ensuring you have protection against fires, broken water pipes, falling down the stairs, etc.

In my eyes, it's fair as even though I'm fronting the capital, the split in equity is worth it as it gives me more time to run my other business, plus we can do things faster with two of us, plus at this point of my REI journey, I don't have the skills/experience (yet) that he does with the construction side and for him, he values not having to manage the finances.  

I had a negative experience buying and leasing in another state and felt frustrated to not be close by.

It is a legitimate business, but that doesn’t mean you have the experience, skills, knowledge, time, dedication or capital to be successful.