Everything else was mostly a cosmetic fix.We discussed ways of collecting rent -  Social Security paychecks for rent are nice because there are no inspections involved and the check will be deposited directly to you each month it is due.  

I need a sponsoring broker in order to pass the exam so really want to make a good impression with this broker. 

They will be a problem collecting rent.  

If they collect 300, they could recover that 25 months, depending on efficiency, they might raise that in 5-6 years even without raising fees. 2550 rent on a 200k house on a hot market is a no brainer, sure hope there is appreciation.

I could still maintain a normal 9-5 while collecting rent from the additional unit(s).

That's impressive!

Professionals with decades of experience and very impressive track records do all the heavy lifting for you.

Too many landlords fear the impression they may give tenants when in reality you make all the decisions and their opinion does not count.

I've started looking for handyman referrals, you make a lot of good points.We currently use Cozy.com for listing, applications, and automated rent collection, and use SmartMove for background checks.

This is a  "Subject-to" transaction, hopefully using two notes.A seller is willing to take I/O for 20 years is probably 1 in a thousand and they will be taxed just as Greg is, make that 1 in 10,000.I'd bet Greg doesn't mention the other issues with a Sub-to, foreclosure, Greg can only foreclose on his interest, that could be paid off, the note to the first seller is pretty worthless, that can end up going to the state in a medical issue, then there are risks of bankruptcy, law suits by other parties, collections and servicing, deed transfers, insurance, liens and the list goes on, which is why you should not do long term subject-to deals.