I've had one tenant try to commit suicide in the tub, that was pretty nasty, but surprising contained to the bathroom area.

If they are not under a single lease it is considered a "rooming house"...which is probably not permitted but check your zoning here.The Zoning Code says a rooming house "contains 3 or more rooming units occupied...as a primary residence by individuals who, even though they do share common areas and facilities, do not form a single housekeeping unit and do not provide compensation under a single lease for occupancy of the facility"Look at pages 47 and 80 of the PDF.

This contains all your qualifications, income = 3 x monthly rent, no evictions, no credit issues, no co-signers, no pets, no smoking or whatever your requirements are.  

*This post does not create an attorney-client or CPA-Client relationship.The information contained in this post is not to be relied upon.Readers should seek professional advice.

The information contained in this post is not to be relied upon. 

Requires all skills and knowledge described above PLUS risk containment/modification, investor relations, financing knowledge, and patience to go through multiple layers of bureaucracy to obtain the numerous approvals necessary to finalize the project.

Real Estate Networking Events - These events contain seasoned investors and would be more than happy to refer you to a CPA.

You have to assume anything which might be lead-based paint, or lead-glazed ceramic tile is, and have have to assume that anything which might contain asbestos does until you know otherwise.

The lease you have likely contains many provisions, and you must interpret it's overall intent based on the "four corners" of contract law.  

Hey @Lourdes ScottI would first start off by educating yourself going through every podcast and reading as much as you can on the forums because they are FREE and contain invaluable information.Then I would find somebody in your area that is doing what you want to do and ask them how you can be of value to their business.