If you’re not interested in managing it interview a few property management companies and pick the best to manage it for you so you don’t have to deal with maintenance and tenant issues.

In my case, I made sure everything had a full rehab after we bought so that the number of issues would be relatively minor, and it turned out that way.

You can identify risky circuits this way if you can anticipate how your tenants will use the electric and take action before there is an issue.

However, there are many issues that need to be reviewed to determine if this is possible and what alterations will be required to comply with code and zoning.

Also, they need to have been issued with the goal of cash value accumulation as regular policies are usually crafted for the most death benefit with the lowest premium cost, limiting the cash value.All the information of your current policies were given to you in the initial contract.

As I reassessed and refined my operations, I am about as passive as I should be, spending about 1-4 hours/month dealing with landlord issues.

@Ryan Beesley if the properties are rented this shouldn't be that big of an issue.  

But there's are a host of other California (and Washington and Oregon) issues to consider: 1) Rent control.

I've got a decent network in Chicago already, and it would just take time.The end game would be to not work for anybody but myself, and turn, say $800k into retirement money 10 years from nowAJ - the issue with recapturing, is that in order to pull enough equity out of this existing home, I'd need to make X amount working a sound job in the city.

When we purchased this property, it was run down and had major issues to fix and there was an additional .34 acre parcel of land included with the purchase that is located next door.