Check the recent major oil company's earnings.

The initial cost ($350-$450) plus the per visit cost (another $50-$60 usually) and you only get your money back *if* you have something major go wrong and *if* they actually decide it is covered amongst the myriad of exclusions.

He has been involved in this business for about 5 years (since he was layed off from a major company that he worked for for over 30 years).

Justin,Have you run into issues with the maintenance if something major went wrong?

The only thing I am worried about is major problems inside.

Here's a few others, if you're trying to detail these out.6) Insurance7) Make ready costs when one tenant moves out before another moves in.8 ) Discounts given to lure in tenants (aka "economic vacancy")9) Advertising10) Legal fees11) Court costs12) Property management (which you can earn for yourself, if you do this yourself.)13) Major repairs (roof, furnace, plumbing)The problem with many of these is that they are sporadic.

Im looking at a SFH, split into 3 units, 3 blocks from a major university in downtown.

The apartment roof is going to cost more to maintain, though, and a lot more people are going to be upset if you have major problem.Figure out what you're making now.

At the end I didn't even care about the money anymore, it was a matter of him leaving or me committing a major crime, so I'm glad he left before things escalated.

EricI agree a major benefit for one to work with you is you are an advocate for them in an effort to TRY TO PERSUADE the bank not to come after them but their are no guarantees and if we told the customer anything to the contrary we (or you) could be sued or even worse.