All people on the loan need to cooperate or else the deal likely will never get done with the servicer.

I'd up that goal and aim for more cash flow per door. $200 is a bit low in my opinion and leaves very little room for profit if you run into any unexpected vacancy's, evictions, or capital expenditures.  

I am searching for a multi family and could do a 1031.Here are the numbers:I owe $97K and it will sell for $180K.Mortgage with interest and escrow is $1225Current rent is $1500, but I could get $1600.The property has a pool, and I have a service that cleans it at $150/mo (don't trust tenant to do maintenance).So NOW, I get $1500, pay $1225 Mortgage, $150 Pool Service, $75 Vacancy (5%), $150 Maintenance (10%). 

The new measure is aimed for the November ballot and would certainly be worth paying attention to as it develops.

Get more trust out of your investors first by being performance based and then when you're more experienced, everyone will expect a certain level of service and will be more comfortable with something different. 

Here's a link to the page in the city's website, if anyone is interested:http://www.hartford.gov/dds/232-development-servic...

At the start of your RE journey, you should aim for the least amount of headaches/surprises. 

Their first goal is to have longterm tenants so they work hard on customer service.

@Kevin Kraver I service the metro Detroit area.

I am aiming for such a cheap house to mitigate any risk, and I think it will be a great property to start my investing with.