She ended up inviting me inside, and we talked about her wishes for a different agent, which was surprising and even a bit wild, considering I had just gotten my license and had no business cards on hand.

I just got off a call yesterday with a investor group with a bunch of blue island buildings,  from there experience tenants have been pretty good but the buildings are older and a lot of unexpected problems have arisen so I would say make sure to have a good inspector and some reserves incase work is needed and its a good area to cash flow.

I was glad to show some unexpected kindness when he cried poor at Christmas.

. - Make sure you get a security deposit and perhaps do a surprise inspection of their current home.S8 requires an inspection (mostly health & safety) before approving a lease and then annually thereafter. - Not something most landlords taking care of their properties have to worry about.There are limits to clauses they allow in your lease.

And, it’s no surprise to me that you do a great business both with the lead bundles and “organically” with people contacting you on the forums.

If one tenant moves out or unexpected repairs pop up, the other property can help cushion the impact.Of course, more properties mean more responsibilities...double the maintenance and potential headaches.

Maybe assume 1 unit out of 5 has a $5,000 unexpected bill every 3 years?)

People don't like surprises.

The agencies want 90% for 90 days for stabilization, and I wouldn't be surprised that when the new owner takes the property over, occupancy drops below 80%.What are rents currently?

Just keep 3–6 months of reserves in case of vacancies or unexpected costs. 3.