Also they tend to be quieter, not throw loud parties or have too many people over, or cause a lot of wear and tear on the house.You can't advertise specifically for "older couples only". 

We've been meeting the third Thursday of each month, somewhere off Ingersoll.

The third pays late every month, but he does pay, and he keeps the place in good shape.

Hi Sam, there are a number of relevant comments here - in particular around laws and regulations of non-related parties.  

@Gabe GordonCongrats, this looks like a really good purchase on your part.  I

That part is as simple as writing a letter introducing yourself as the new owner, explaining that the existing property manager will stay in place so they should continue to work with her but if they ever needed to contact you directly to contact you at the address or phone number provided.

The rule is in place to protect the neighborhoods that had too many rental homes, with property owners who did not care to keep them up well, and where tenants would park in the yard, have late night parties, and do all the things students do in college.  

There can be no direct or indirect benefit between a plan and a disqualified party, and route one is just using the business partner to benefit yourself.  

Closed on my third flip Monday and this one feels different.

The main problem with this system is the fax machine part is awful.