And yeah, there will be kitchen fires, a dead body here n there (speaking from 1st hand experience not 2nd/3rd hand tales) but hey, the cash-flow is 20%+.... when it's receiving rents. 

If you sell used cars, paying for a complete body & paint job on a $3000 car is going to bankrupt you in short order, whereas the guy who wants to have a nice car can put that into it and still be ahead vs. buying a new vehicle. 

Beyond that, be honest in your rental ads and disclose it early in the body of the ad.

@Shadonna N. for Rhode Island I’d recommend checking out the “Noncompliance by Tenant” section of the RI Landlord-Tenant Handbook, which is an unofficial human-readable explanation of the various landlord/tenant laws in Rhode Island.Colloquially, local wisdom around here (RI) has it that our landlord-tenant laws are reasonably balanced, maybe a bit leaning toward the tenant, but that our neighboring state Massachusetts is much more tenant friendly.In practice, in eviction court a lot depends on which judge you get, as is probably true in a lot of places.

They ought to at least have the opportunity to plead their case, with a human being knowledgeable with the facts of their tenancy, before standing before a judge about to get tossed to the curb;2.

across the 3 properties i own/co-own, we have 15 tenants right now (+2 vacant units). of those 15 tenants, a handful have had to pay late over the last month. i know a lot of investors and property managers who would've given formal notices as soon as possible. that doesn't work for us.every working role i've ever had has been in customer service, and property management is just as much a 'people business' as anything else. as a property manager, you're selling a product/experience to a customer, and if your product/experience sucks, you'll have a hard time keeping customers around.part of providing a great product/experience, is knowing your audience. so in this case, knowing what type of tenants your units are going to attract, what exactly they're looking for, their pain points, etc. that said, an "a-class" rental require one style of property management to be successful, "b" requires another, "c" requires another, and "d" requires another.most of our units are in c-class areas. what i've found is most effective in c-class areas, is being human. if a tenant is hit with a bunch of unexpected expenses one month, they very well might not be able to pay in full on the first.

So its not the entire picture. however Pm's are human and actually showing the houses, and know the numbers.

If you want to study the humanities, great, but you either do that on your own dime or you get less favorable terms than someone in law or engineering.

A better approach is to mitigate the risk by qualifying the pet alongside the human.

Their website says that infrared scanning is "using the most technologically advanced tools available allows us to detect moisture that is invisible to the human eye, and with these we are also able to locate areas throughout a home or structure that have overheating or malfunctioning electrical components. this work brings a critical difference to a home inspection".