Watch "Hotel Impossible" on the Travel Channel to get an idea of the issues you will face.Like apartments, the idea is to find a property that has been mismanaged and has deferred maintenance that is charging below market rates with low occupancies in a fairly decent area with good market drivers.

Here's one: Does code require smokes in every bedroom, or only in new construction or major reno?

For example, found out when I was there in March for 6 month inspection that when they plugged in Christmas lights to an exterior outlet the previous November that they blew up, there was smoke, they were worried the house was going to burn down, and told me that outlet doesn’t work.

This is the smoke and mirror approach to investing.

When you're traveling to work, store, etc. take a different route ever day, take down addresses of houses that "look like they should be for sale", check out the county website, see where the mailing address is, send a letter to the owner.

There was *literally* nothing left except the smoking hole that used to be the basement.  

@Jake Smoke

I have new (1 month in) renters and they complain non-stop via text messages all hours of the day and weekends, about “strong marijuana and cigarette smoke”, coming from the bathrooms, kitchen sink and oven.

In fact, I’m refurbishing the first vacant unit now with the carpenter who travels from Frederick, MD.

This means that a potential tenant with a Section 8 voucher could be considered a protected class - period.2) A potential tenant who requires you to complete/submit paperwork about your property, remove your property from the market for 2-4 weeks while an inspection is scheduled, take the time to travel to your property to meet with the Sec. 8 inspector, followed by additional time spent waiting around while he/she conducts their inspection, all without any from of compensation... is not a protected class - period.In my listings, I state that my properties are "not set up to work with the Housing Voucher program".