My wife and I have 0 debt so its a little scary doing this but a year will be here and gone before we know it so after all is said and done we will have 2 solid duplex's plus the JV deal that will provide about $1850 positive cash flow.

Hello to all.Life is too short to deal with bad servicers, bad lenders and companies that don't care.Servicing should be simple from the clients perspective...and it should offer the client a combination of great CS, confidence in their operations and a solid, interactive technology platform. 

I have worked on a solid list of cash buyers looking to invest in WI, (areas vary).

Initials: _______b.Tenant agrees to pay for clearing the sewer drains of the Premises of any and all stoppages, except for those stoppages which the Landlord will agree were caused by defective plumbing, tree roots, acts of nature, or which are declared in writing to have been so caused by the plumber or other person who is called to clear the stoppage.

I am looking to get a solid foundation of rentals over the next several years and wanted to make sure that I didn't make any avoidable mistakes right out of the gate.

If a solid percentage of buyers end of buying their homes or if the monthly purchase price is less than what a reasonable rent would be or if that is the fair market value for the home, etc, etc.Market forces and a wealth of readily available resources (the internet) has made true predatory lending a small segment of the housing industry in recent year. 

A good property management company will have solid systems in place for rent collection, and accounting (and everything else).

Is it as simple as finding a solid property management company to take care of most everything?

If it's in a good location where rental demand is solid, you should be fine and have no problem finding tenants, regardless of competition.If anything, a brand new apartment building being built might be an indication for the demand in the area!

Sounds like a pretty solid deal to me.