this will keep you out of the hood this will give you a nice shot at safe secure investment.. and maybe god forbid some gambling appreciation.also will tend to have better schools and because your buying right at or close to the median you actually have people buying homes to live in as owner occ which stabilizes the area and keeps the thefts down. when you buy at the bottom of the median or 50% of it or less.. what does logic dictate.. same with rent.and if your sitting on the west coast not really knowing or in Sydney or Hong Kong.... quality of tenants does not move DOWN exponentially with values and rent rates.. it does the exact opposite it get riskier and riskier.

You didn't ask about this, but be careful with putting private info like SSN in them, they are not very secure.

Hardwood requires a nailing surface and I doubt joists are sufficient.In attics, I've seen wide pine boards used as the flooring with no subfloor.  

I would not view this investment as a "retire early" but rather a secure investment for your older years.

Hi all, I’m curious how soon after approving an applicant and taking a security deposit you require the tenant to start paying rent?

This was considered a win-win situation for both us and our goals (they are retiring and I am just getting started).I secured a cash out refinance in my name in order to pay this family member (and myself) back. 

The securities laws require any publicly-sold securities to be registered, which is an expensive process.  

Were you able to secure a long trail of historical rent rolls before purchasing?

I can defend the numbers of it, the deal is beyond good numbers wide, but I can't get my wife on board. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.