@Alex Craig  that's a good perspective.. my desire with the site was to Frankly out some of the very poor players and have the upper echelon move up the food chain as it were.. and I think we are seeing that..

So now I am looking into buying multi family because I feel I have more control over its value.As you read more about what's available you will hone in on what best suits you and then you can have laser focus on that strategy.Hope this gave you some food for thought, I look forward to seeing you around the forums. 

Existing leases and rental applications for current tenantsDetailed breakout of security deposits, pet deposits, utility deposits, etc. for each propertyRent rolls for past two yearsTax filings associated with the LLLPLLLP documentsMortgage statements and payoff amountsProperty Management Contracts/AgreementsCan you add anything else to the list or any general advise on completing due diligence?

You should find it in Total Wine and Whole Foods later this month.

I'm sure as you know, everything is within walking distance, and it's a very big food/bar scene, but not in a negative way.

I could argue that the down payment is coming from income, as I'm working full time, and the loan is for tuition/rent/food (living expenses). 

What happens if the tenant decides to stop paying rent and the furnace goes out, and then the tenant leaves the place ravaged with pet damage?

They are doing some rehabs currently and it's a beautiful property with a wonderful food garden in the front and back. 

Proactive is definitely the best... especially when you're risking collateral damage.From an investment perspective though... if you can extend the life of anything, you'll have huge savings... for example, I had carpets that were trashed, but I found tenants with dogs that didn't care because I waved the pet deposit... and I got another year of life out of the carpets.  

We are in Pharma and Food sales.