You'll get a higher quality (and thinking) tenant pool who doesn't see this as a ploy for stealing their personal information.  

@Julio Cruz that makes sense, but if the house is worth 700, they sell it, subtract broker fees and pay off the outstanding debt, like you said, they're left with 450K.

It’s been great seeing your portfolio grow with quality properties over the years.

The quality of work would also be lower as I don't pretend to be as skillful as a contractor.

In the areas you are looking the tenant quality should really cut down on your expenses to make it very profitable. 

Even the renovations he does do (seldom) are not only of poor quality, but of poor choice and taste  (our buildings are beige with BLACK accents, AND SO ARE THE KITCHENS).  

That way when you go to refinance the property, your score is not effected by the outstanding balance on the card in the other person's name.  

The need for quality residential and commercial space has become astonishing, making the right investment in Toledo is sometimes not easy with so many different projects to choose from.

Key criteria for a successful SFH househack:Suitable zoning criteria, i.e. room rental laws (county by county)Within 1 mile of hospital, major company HQ, public university, and private university (to attract 20-somethings)At least half as many bathrooms as bedrooms (i.e. a 4 bed / 2.5 bath could work, but 4 / 1.5 could get sticky)Plenty of driveway space / street parking (1 per roommate)Plenty of kitchen space (since the kitchen is the most occupied room other than individual rooms)Basement or side entrance entry point (i.e. if you wanted to turn the basement into your living space, you could enter from a side entrance)Un-involved neighborhood community (cul-de-sacs can be the worst spots)Turn-key quality (i.e. you won't need to fix much of anything when you move in)This list is by no means exhaustive, but things to think about when you work with an agent on a SFH househack.

I already got the costs from the City side, so what's outstanding is the actual ground work. 3) Any other lessons learnt or peculiarities to share regarding connecting up to city water?