Put this in your lease, stress the policy and if during your quarterly inspections you fine pot plants you know you have smoking in your property.

Then after, the contract is signed and the first quarter of the draw is paid and cleared, you receive a peace order 5 days later in the mail. 

I am not saying don't pursue these types of properties, just be prepared and realize you will need to be a much more hands on manager and should probably do some monthly or quarterly inspections to see whats going on inside.

@Philip Amundson I'm looking to get started around the 3rd quarter next year also, so your question is right on time!

We just had our quarterly meeting at which the new analyses were presented.

I can whittle out half the inquiries with these, and another quarter (the “window shoppers”) never reply.

But next quarter I had to call the guys about the high water bill & have them check for a leak.

Where home prices are fallingAccording to the National Association of Realtor’s third quarter report, here are the U.S. cities with the biggest recent price declines.Denver: 3 percent.Austin: 4 percent.Chicago: 4 percentWashington DC-area: 4 percent.Seattle: 5 percent.San Francisco: 8 percent.San Jose: 8 percent.Nashville: 9 percent.

Those 25K jobs are a quarter percent population, which is rounding error at best. 

I am responsible for the water bill and quarterly that’s been on avareage $28.