You have been warned.  

@Rob LaRovere, @Ian Ippolito - I hope the above helps and share if you have any warnings or experiences, both good or bad...I am looking for passive flow, and that is why I am interested in this option.

I was warned about him but I didn't see it.

Include 1 picture and several ways to be contacted.But be warned, there are alot of nuts on CL.

Situations like you're in I usually let my "cousin Vinny" handle for me.But...The following isn't going to help you, but rather serve as a warning, or trip wire for the others on here.

I would also warn you @Sean Conklin to look into the HOA dues.Yes, I do work with other investors!

and when I would NOT STOP warning people about this?

I wouldn't want to hurt my chances of renting out a house to people who like to drive by before inquiring, just to help people who are gullible and ignore the warnings on craigslist.I think one small sign by the front door might be helpful.When I was preparing to rent out my house in California and still lived there, several people came by and inquired about a deal on craigslist that seemed too good to be true.

All I am trying to do is give a warning.

Be warned though, this is not cheap because it requires cash up front.