In this market, if the payments are made in a timely fashion the odds of that lender initiating a call are precisely zero.

The security deposit is only $200, which I think is typical for the area/type of home (I need to verify this).

It is (real estate) initially what drew me into the investing field in the first place.

Probably the least productive activity is having to weed out the pretenders from the real players.I typically do this with having anyone I work with show bank statements and to verify that when they say they have 400,000, 1 million, or whatever to work with that they actually do in fact have that.You would not believe the number of people out there that pretend to be working with capital or overpromise themselves.

As long as you screen the tenants and verify they are solid, you won't have any problems.

They are out of state and its like $1000 initial fee and like $400 a month.

I haven't verified this yet with the local town..

I did not see this on the DOT initially- I think they possibly made a mistake- Get a little more info before you start accusing people of having a sense of entitlement or being irresponsible or whatever else it is that makes you so disgusted haha relax man im just here gathering info im not gonna bankrupt the faultless bank.

Rented a property 4 times(FL) without meeting tenant 1st 8hr saway.1) Craigslist Ad, credit check, POI,POR, 4 references, verify rental/job2) 1st tenant stayed 2 years no problem(met at move out)3) 2nd ten stayed 1.5 yr broke lease early due to personal(3rd party met)4) 3rd tenant stayed 2 years(didn't meet before move in)5)4 6 months into current lease(met before move in)All good tenants..It really depends on your comfort level and screening process..I'm thorough...

My initial thought is to buy and hold multi-family rentals to build a portfolio.