It's a different risk / reward profile than flips and more active development.

@Chris MacDonald  I am not a CPA but I am and have been a real estate professional for tax purposes for 40 plus years.. so I write every single trip off.. as I am always looking at new deals.when I was in Thailand last week I met with a condo developer who was offering 7% guaranteed rental returns.. on his condos went on a tour got the brochures and am considering that investment.. so that is a business trip. 

This is way more effective than trying to memorize the entire book on your own (note: the state administers the test so the instructor won't know exactly what's on the test, but I'd say he was pretty accurate in pointing out what was eventually on it. 

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If they have title issues, they'll more than likely get them cleared up, eventually.

Then eventually (we) will come across the right handyman.

I have a couple partners one of which owns land.  Can we build a fourplex on it then get conventional financing?  I think we will have some equity build in after the build and I want to use it for at least part of the...

They are discussing pre approved financing, package deals, fix and flip, and even development potential ! 

One landlord I know who keeps the water bill in his name has developed his own system that trains the tenant on how to read the water meter, and to take the reading to compute how much to include with the rent for the water bill; it gets close enough so that he has not fronted the water payment for a tenant who decides to skip town.If you have the tenant get the water bill where unpaid water bills become a lien, you will want to have some way of tracking that the tenant is paying the bill.

I'll also look for development and competition.