I feel it is important landlords know the rules and learn how to minimize the risk.

Honestly, having a great management company is also very important and can help mitigate any potential problems that might otherwise creep up.  

I deal out of the Oklahoma area and I will certainly say there's plenty of opportunities here for a relatively low risk/price as compared to other major metropolitan cities.

You can further mitigate risks with items like a home warranty, sewer line warranty, etc that will cover big ticket items.

This would cover your biggest risk, which is liability lawsuit if someone is injured on the trampoline.Regarding the shed, was it installed in compliance with all local municipality statutes?

It had a lot of potential.

While investing in a condo as a first investment isn't necessarily a bad idea, it's essential to be aware of potential pitfalls.

There is less risk of amoeba with cooler waters and often enough wind to windsurf on the lake in the winter.  

Just need to hear someone say it's ok keep going, it's worth the risk (if it is) :) 

Lacking the capital and building experience to develop it ourselves, we want to offer the backyard as a "Developer Special" on the MLS.We’d rather not risk demolishing our home at the front of the lot.