Then ask how many vacant units there are to choose from.

You just want to strongly encourage the tenant to comply with the lease.For the new tenant, you need wording in the lease that if you cannot deliver the unit at the agreed date due to issues outside your control including prior tenant refuses to leave or repairs need to be made, both parties can agree to extend the move in date or the new tenant can choose to terminate the contract.

Keep in mind you are now running a business and should look at it that way no matter which coverage you choose. 

Research the different rates of return that investors use - there are several and it can be overwhelming to understand how to utilise them properly to begin with but you can begin to understand them and then perhaps choose 2-3, like Cash On Cash and Return on Equity for example, the more involved calculations like Internal Rate of Return and Net Present Value are normally done on larger properties.

And get creative because experience doesn’t have to be owning property right off the bat, it can choosing a job that will give you relatable experience.

As a landlord you can choose to be an advocate.

A syndication is a group of investors (limited partners) placing capital in a deal that is led by a team of experts (operators, syndicators, general partners or sponsor (pick a name of your choosing). 

I choose $200 as an average overall cash flow per unit because I feel like that is very attainable.

You have to choose the combination that works best for you.

@Shawn CallanThis may be State specific, but in New Mexico the seller chooses whether he wants the Realtor to reveal terms of the offer when signing a listing agreement.