Your argument would suggest that if I bring home $2k/month in cash flow from a rental property in LA (where I live), that's a good deal, even though I probably had to put $2M cash into it initially.

North side Chicago I have never even had to give a tenant a late fee and none of the tenants I have placed for clients have ever given them issues either, properly picked people pay like clockwork on autopay.

If you use a DSCR loan you could maximize the equity you could take out while still breaking even on the mortgage + taxes + insurance.

It can totally be done, even in this market.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Or even better problems they are facing others might face where the hosts weigh in with how they have or would have dealt with the problem. 

If you’re taking deposits, you can collect them through the same platform or even through PayPal.

However, the whole point of making money is to live a better life, which includes caring for family. taking care of our parents is I suspect not even a twinkle of thought to most of the BP members that are on this site and 45 and under..

I am foreseeing a bit of a push back or even turned-off potentially decent tenants by the $50/pp screening fee, mostly for a family of 4 ($200 out of pocket).I was wondering if offering a credit of either 50% or the full 100% of the screening costs from the first or second month's rent is a good idea.Thought?

But it's also true that this had been open space provided to the community for the better part of a century and now it was fenced off with not even a path or sidewalks around most of the perimeter. 5.