@Irene Q Paras If the seller is willing to hear your offer then it is fair game.

I have been using land lord locks, and have been fairly happy with that system as I have a master key to the building.

Hello all,   I'm fairly new around here but I've been inhaling the information since stumbling upon this group. 

Seemed fairly standard.

My landlord is not going to start counting days I'm not there, days where he has extra dinner guests to come up with a fair bill.

We haven't even done our first deal yet (unless you count our primary residence which we're also thinking differently about at this point, thinking about potential value add's and potentially renting it out if we could find something else where the numbers make sense) but we're already hooked.I am a professional delivery driver for a fairly large company and for the last month during work I've been burning through the BP podcasts at a very rapid rate. 

For sure.And I consider myself fairly "creative" so I'm picking up what you're putting down.  

Treat them fairly and they will be more likely to be a good steward of it. 

@Nick Colvill typically the Appraiser will determine fair market rent for the property.

I say this because that's probably where the most money is to be made but it will also be more risky and more work and headaches on your part.If on the other hand you're fairly conservative (financially), want somewhat of a hassle-free investment without taking much of your time, just pay market prices for a really nice house in a great school district even if it has minimal cash-flow.Over time, you will get great appreciation and build wealth through loan pay-down even if there isn't much cash-flow.I personally do both plus a number of other things for diversification reasons.