When you structure a lease and option transaction with a potential buyer, you become a landlord as far as the "lease" side of the deal is concerned. 

Variability is one of the most dangerous things to retirement planning.

Stay on top of them to be sure they're not trashing your place and put them on MTM and the minute they are late, cancel their lease and get them out.We have higher end properties where I would never do that because they could stiff us for more money, but for the lower end ones, yeah, we'll do it.My only concern with dancer applicants is generally the kind of people they hang around, and the potential for visitors that are unwelcome or causing trouble at the property.

I believe one of my biggest concerns is investing while not living locally (although I do visit quite often) back home.  

Or maybe you and the borrower know that danger so you leave the insurance in place as is and think everything is fine but when you go to pay the taxes so you can take the deduction, we get notified at that time and send a letter.

My concern was twofold: First, you lose the ability to do the final walk through, because you have 60 days of not knowing what they're doing to your place.

The 1st time I heard this I wasn't concerned since talented people get recruited away with better opportunities.

I understand the concern about a bubble but from what I've read the population dynamics alone don't seem to support the idea of a bubble here, but who knows.

She's still a little nervous about the whole thing, because there's a lot at stake and she's had a lifetime of being skeptical of investing, but she listens when I explain and she speaks when she has a concern or doesn't understand something.

The buildings systems (HVAC, Elevator, Sprinkler, Electrical) are the main concerns for older properties.