One person's crazy is another person's sanity!

I take a picture of their driver's license.I ask for phone numbers that accept texts and any alternate land or business phone numbers.I ask for the names and birth dates of anyone under 18, and ask if there are any service / emotional support animals, together with their names and breeds.I also ask for personal references, previous landlord contact info (and length of time there), employer contact info (and how long there, together with earnings), as well as the name and contact information for their manager / boss.

My personal preference for a buy and hold would be an already established area (or an area that's still gentrifying, but has already seen significant progress). 

@Matt Solis would be the perfect person to speak to about this!

My recommendation would be to engage an investment property focused realtor (not a general residential realtor) and let that person guide you through the process from pre-qualification to market/property valuation and selection. 

Personally, if I were to sell the stock, I would buy more property, not pay off the existing one. 

The vast majority of contractors won't want to give bids on properties while under contract unless they have a relationship with that person from prior jobs.

A new person moves in and she says the upstairs neighbors are creating a ton of noise.

The question is, what is the intention  of the owner, not what would a reasonable person think is the intention of the owner.

$6k tax.Ins,hoa, not to mention utilities . took out a HELOC off of our personal home ( res.worth $900k, and a 260sq ft studio, mtr. $1450 mo.) for$ 220,000 for the deposit.