You would not have asked this question if your child was going to Navy Pier (knife stabbing there last weekend), or the Gold Coast (constant robberies), or Lincoln Park (shootings).

I tend to have younger people that constantly move and swap out room mates.

They may have been couch surfing for a while or have been in a bad relationship where the other party was the leaseholder and would kick them out without notice or constantly threaten too do so.

I used to move around a lot and constantly switch jobs, never really holding a solid job for more than a year, rarely over two years.

This landlording thing is such a roller coast ride and constant learning curve. 

I would then take the $35,000 to purchase another duplex in the same area, cash flowing around $325-$350 per month.I could also refinance my primary residence and pull out $100,000 in cash to invest in more properties similar to that mentioned above.My goal is to build my passive income stream, however, I have a wife and a three year old son, so managing risk is also important to me. 

My first rental income was amazing to me as it made my first income stream outside of fighting, handcuffing, chasing, responding, and taking criticism.

I'm originally from MN and up there, multifamily houses, buildings, apartment complexes are a dime a dozen - there are HUNDREDS of them for sale constantly.

If your tenants want to run a dog breeding business on your property then they can pay you, or move their business somewhere else.I manage several properties and constantly evicting tenants only because they have too many personal items stored in their apartments so that we cannot have our pest control service keep their apartments pest free. 

Again, if you want to be able to be more hands off because you time is much more valuable computer programming or syndicating massive REI deals, there you go.You have to vet properly to begin with & monitor constantly.