Although I am not an expert on the Rochester market, I grew up there and would imagine that you can find some at a decent price.

Imagine how much that would cost our rental business if I were to collect a full month's rent from PayPal, yikes! 

Sounds like you have a lifetimes worth of education...I imagine you'll do well!

See the following link for 1099 reporting - business rents is one of the items: http://www.irs.gov/Businesses/Small-Businesses-&-S...On a side note, I can't imagine a time you would need to fill out a W9 for a residential tenant.

I imagine it goes something like this:Get the CallGet in the DoorEvaluate the property (Do you recommend making an offer at the property, or going back and crunching some numbers and then following up with the homeowner?)

With a good education and a bit of experience under your belt I would imagine you will find someone to partner with you since you have some cash.

High turnover can be a killer to your ROI- imagine having to repaint the house once every year(with frequent move-outs,) versus once every four to six years?

Imagine my surprise when I saw the amount in a one time garnishment.It takes more than a PM to be successful in Detroit.

I have also been able to rekindle the dreams of that 10 year old, and I cannot imagine for myself a more exciting and naturally appropriate vocation.Thanks for reading and I look forward to collaborating with you all.Rich

I imagine this depends highly on the area though.