Just part of human nature (in my opinion)...My suggestion is to try to deal with people on their level -- if they seem disingenuous and shady, demand strong contracts/agreements and never giver leeway.

May be this was a mistake, but I tend to go with the ask first, demand second approach when I have good tenants.

I suggest you start smaller and in performing notes, you won't be in a position modify notes due to compliance issues and servicing and making demands will be another issue.

Also look what is the demand for your type of house that may also help you determine what decision you are going to take.

Furthermore, the supply / demand gap for affordable housing hasn’t been this severe in decades and is getting worse.

Some people find that to be a turn-off, thinking I might be a demanding/nagging landlord, which I'm not.You're right, they won't all meet your screening criteria.

If developers are constantly banging on your in-law's door, then there is likely a demand.

However, since Dec 2013 our market has stabilized in regards to inventory and demand.

Being a new landlord will have a certain amount of stress, there is no need to add the stress a buying a property you and your wife don't agree on.I nice property in a high demand area is a great way to start as long as it cash flows properly.

College in my opinion is HEAVILY overrated UNLESS you know the field you are going into is high pay and high demand and that in the end you will come out ahead.Sadly many rack up student debt to be doing something ( not saying this is you ) and then switch to something else.