Why be in the landlord business if the protections are few and the risk is high with low returns?

In the end you just want to ensure you are taking the proper steps to minimize your exposure and keep your assets protected.

I was part of a companythat was buying companies back in 2008 and many companies back then scaled way to fast and ended up going broke from cash flow issues.

That means don't bite off more than I can chew, it also means get a good grip on the risk of owning it and avoid things with high risk- don't have losses.

I ended up closing on a different property.

We closed in April and the tenants' leases did not end until June & August. 

I do not have one year of rental history and working with my lender who also has a large portfolio says my rate would be high without that first year of rental history. 

At the end of the day, respect the business!!!!!!

I am also getting 10k seller credit from seller, and could either use that one to buy down interest rate or just pay off the closing cost. the lender is giving me few option one with higher fund at closing and lower interest rate, and one with lower fund at closing with higher interest rate (about 0.2% difference) With the high interest rate right now, do you think it is better to do higher interest rate, and refinance later or should I just try to get as low as interest rate as possible and do not worry about refinance ? 

I have been running some hypothetical use cases and been comparing the returns with more traditional investment assets, and there must be something that I'm doing wrong because it doesn't add up for me.Scenario 1 - 9.5% Yield vs Stock at 6%: 5 year 12k note with 9.5% Yield, this means 60 payments of 252.02 for an end valance of $15,121.2 which gives me an annualized return of 4.73%.