Make sure that you buy where water has already been brought in and assessments are paid. 

My realtor brought it to me after I started my search How did you finance this deal?

One of the better points brought up.

So Rule 1 is to make sure the walk in from the street and your foyer area are as nice as you can make them, and from there the first part of the tour is to a good living room/kitchen or good bedrooms, nicest bathrooms, and ONLY THEN should you take your prospects to the parts that don't show as well -- the low-ceiling basement, the narrow stairs in the back, the second bedroom and ugly tub, etc.Since I work where I live, conversely, when I go to look at any property a real estate agent has brought me to, the first place I invariably decide to go to is the basement to look at the mechanicals and the foundation walls. for evidence of flooding.

Set them, but still be nice and  professional. that brought back memories I bought timber track in the mid 90s from this elderly gentlemen who had about 200 SFR's in Portland. which is a lot for this area.. as SFR are not common as rentals.. 

I have a multi family and basically brought it, semi repaired it (was in good condition already for the most part), rented it but did not refinance as I used an FHA loan on it. 

My mortgage broker also has brought up a few extra hurdles with real estate investing as a company, rates, loan approval process, and passive income law changes.Any one else have input on this?

@Dave Foster, Yes, the 1031 issue is what brought me into realizing this may turn into a problem!

Each of you has brought insight to different aspects that will be taken into heavy consideration!

However, profit sharing on deals is structured for deals brought on by apprentice.