So I guess we are all looking for that low rate!

I guess I’m the oddball I would pass a deal if it was anything less than 2% .

I guess it's more a list of things to do/look out for when vetting.

Downstairs tenant shot her down and said she had nothing to say to her (told me she sounded phony and not sincere) so at midnight the upstairs tenant supposedly started pounding on the floor for an hour, I guess in retaliation...

My guess would be the latter?

I know what I want to specialize in and I guess I just would appreciate some guidance and direction for someone like me that is starting out.

The hardest part of investing is starting out I guess :) The cash flow from these units are at least 7K a month after expenses.

Join the club - I'd guess 90% of the investors I insure don't follow some or all of the above processes above and it's a legitimate exposure to you the property owner that is not inexpensively insured on your end of things.

I guess it all depends on how much you want them to do and what percentage of the income you're comfortable with paying the management company.

(sidenote:  i can't believe how much agents are listing these trashed or severely outdated homes for...but i guess they sell??)