He thought otherwise and said it was "rent ready" as far as he could tell and if any issues were to arise his in-house maintenance people could easily handle any task.....of course they could to the tune of a 10% up-charge on services.

Be sure it states no where in there that it is a down payment.You will want to be cashflowing on the properties as well if your not and you have issues arise you dont want to be paying out of your pocket for a property that you don't even own(sandwich LO).I would definitely read up and ask a ton more questions on LOs and be sure to have an attorney draw up a contract as they can be complex if you are not familiar with them.

I have complete confidence in blahblah to help you with anything that may arise, but if you ever feel that he is unable to help you, please feel free to contact me at...Thank you again,[First name only]#/email

He can do that as a registered lender.Do it legally.Things can happen, your friend can die or you could, the note goes to the estate, issues arise, you can't make a note and hide it from other events that happen in life.

Might find there is a local online posting place, website, or local newspaper popular with rental ads that your agent isn't using.

Or use less of your funds in buying a less expensive property and have funds left over if needed for unexpected needs or another property purchase if one arises.

I actually just had that situation: A tenant used flushable baby wipes and clogged up the drain and it had to get snaked out.I think it's time to send a letter to all of my tenants, to not use baby wipes, even if they say that they're flushablehttp://www.sfgate.com/default/article/Popular-bathroom-wipes-blamed-for-sewer-clogs-4835134.php

In the US the 3 bed 2 bath house is the most popular option.

The first house is in a popular historic college town.

Roger Herring seems to be the popular BP referral here with Investor's Accounting.