I only allow showings for people that pass that questionnaire (you would be surprised how many people it weeds out).

Don't negate the corporate decision-making process as well. 

I only govern based on what is on my lease, and if not, then it's for y'all (tenants) to sort out as adults or the police.

Just remember: most negative reviews are written by problematic tenants.

I only included what you provided and came up with about 27k in profit, but please note the assumptions:$0 hold costs (taxes, insurance)$225 for title insurance5.5% loan interest6 month duration from acquisition to dispositionNeeding another 9-10k in capital to fully fund the project from start to finish (cost to borrow rounded up to 1k)Profit sensitivity analysis is below. 

I only suggest that b/c you are clearly (and legitimately) concerned about the relationship with various members of your family. 

This will be equity play years down the line as long as cashflow is not negative.

I always hesitate to make complaints in my market although I do appreciate the feedback, positive or negative, about my agents.

My husband and I only have rental income (around $11k/month) and do not work.

My husband and I only have rental income (around $11k/month) and do not work.