Not only must you refund the deposit at the end of the lease, but there is also a lot more administrative work on the back end such as keeping the deposit in a separate interest-baring account and keeping track of that for the life of the lease.

Nothing in life is sure I spose except the attorney bill. 

They do their own due diligence, have their own analysts, do their own modeling, create their own PPM, marketing materials, tour the property w/the operator to understand clearly the business plan, making suggestions on strategy, maintain the relationship with the investor base over the entire life cycle of the deal, creating reports, answering questions, managing distributions, K1s, etc. 

If your goal is "cash flow" and it should be if you want to live a comfortable life from now on, you can take a look at a couple of spreadsheets that give you insight into how the numbers work.

If it is a lower class tenant, I suggest you make their life easier so there are less excuses. 

I want to make their life easier so I get paid!

We'll be sure to be very specific about what happens with any life events in our operating agreement either way. 

Now I am here with a steady job and I am in a place in my life I am able to take risks and really make the moves to reach “my why.”

You'll have to do your own screening.Hiring a property manager should reduce stresses in your life. 

Check out my personal favorite, Set For Life by @Scott Trench , or The Total Money Makeover by Dave Ramsey. 3.