I am currently a project manager on a year-long Electronic Medical Record implementation at a local hospital.My not-so-long-term plan is to stop trading time for money, and I have therefore started learning about various ways to build up passive income.

The point for me is to prevent move outs during certain months.

If you present it properly, most often then not, they will sign an amended lease for a new landlord which will include a clause voiding the current lease so that you can implement your own standards.Living in the property makes a world of difference when dealing with tenants and what tenants will do and not do.  

You are taking a great initial step to educating yourself about real estate and working toward implementing what could be a life-long income strategy.

Strategize with your attorney to ask for a compensatory discount, at the appropriate time, to prevent you from filing a lawsuit seeking damages from a jury trial (and perhaps reporting this to the FTC and other regulatory lending authorities). 

Why invent, if you can learn and implement.

My policy will even pay lost rental earnings if I have damage to the property that will prevent me from renting while it gets repaired.

pull the meter to prevent getting electrocuted, label and disconnect the wires, remove old panel, install new panel, reinstall the wires, reattach meter, turn on the main breaker and hold your breath..

You are taking a great initial step to educating yourself about real estate and working toward implementing what could be a life-long income strategy.

You are taking a great initial step to educating yourself about real estate and working toward implementing what could be a life-long income strategy.While a passive "market based" investing is a great way to approach a well rounded strategy, there is no replacement for safe real estate investing.Most people can retire on 5 good rental properties. 1800 x 5 = $9K per month.