Quote from @Adam Czachor: If you're going to be an absentee landlord, I would start by looking for highly skilled property managers that can handle whatever you purchase.

This seems bogus but wanted to see if others had similar thoughts:https://boundlessestates.com/new-law-starting-july-1st-landl...

The tenant contacts me that Sunday and asked about prorating being that it was the middle of the month or starting the lease in June (???)

You even customize your cleaning checklists, request photos and notes, and be notified at the start and end of the job. 

My current primary ( scenario 1) Keep the primary for the life of the loan ( current rate is 4.5 so i dont see my self refinancing anytime soon)current home value 1,150,000Loan amount 935,000appreciation estimate 5% per year after a 28 year hold and the house is paid off I would have a house worth 4,312,000$my current mortgage is 6125$ ( piti) included My second option( scenario 2) Sell the house, walk away with $150 ,000 ish in hand and put that into a low cost index fund Rent a house elsewhere for about 3000$ ish and take the extra 3000$ im saving everymonths from not having to pay my mortgage and puting that money in the index fund as well I ran the numbers on both of these scenarios and doing what I mentioned above would break even at about 28 years meaning my stock account would be worth 4.3 million just like my house would , but the only is that holding a house for 28 year would mean 28 years of property taxes, loan interest ,home insurance and repairs etc whick I calculated to be about 1,200,000$ at minimum which raised my eyebrows to say the least Also i understand that each of these options ( stock market vs real estate ) will have there tax consequences ( long term capital gains) so any thoughts on that would be appreciated as well.  

@Mary Eubanks it has shrunk every year since I started.

@Harshit Tewari You are wise to be concerned about the tenants damaging the property, but what specific background check documents do you think will save you from this issue?

It could very well start happening at any time.

For income reasons, you can qualify with a non contingent offer letter (salary position) before you start working.  

Im currently renting, but have a good deal of money saved up.