Lots of appropriate insurance and a good service company and you're all set.

Other than that, you'll want to call and ask about pricing, services, how they screen tenants, and how they collect their fees. 

I did not sell my primary (non-real estate) business, but now I can spend more time looking for deals, handling asset management, and increasing my income through my primary business. 

Hi Ricky,I highly recommend hiring a cleaning service.

NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Until then many landlords' hands are cuffed.HUD and DOJ's Joint Statement on Reasonable Accommodations Under The Fair Housing Act (May 17, 2004) states that a doctor or “other medical professional, a peer support group, a non-medical service agency, or a reliable third party who is in a position to know about the tenant's disability" may provide the verification of the tenant's disability.That is an exceedingly low bar.

This not only verifies its condition but also ensures you're paying a fair price.Escrow Services: Use a reputable escrow service for any financial transactions.

Sounds risky - but I have rented to plenty of folks with late payments on their credit, my only non-negotiable is a record of non-payment of rent.

@Thomas Yourkiewicz - There is a great deal of information on BP about Toledo to help you understand its national appeal vs other cities, price, cash flow, and ease of entry are a few.My biggest lesson learned in Real Estate in general is - whatever your niche, you will do just fine provided you specialize, create an offering that meets a need in the market, and stay the course when you have hurdles.This holds true if you specialize offering housing to professionals who need high-end temporary housing while assigned to long term projects...medical facility rentals with nursing staff provided...and for every aspect of servicing the investing community (hard money, note buying, appraisals, etc) which gets you out of the landlord role altogether.One sure way to fail is to constantly shift your focus and jump between cities, neighborhoods, or investments. 

RESPA has a points and fees test for both owner occupied and non-owner occupied.