We have a system in place to ensure financial security for our clients - just make sure to do you research of the market then find your boots-on-the-ground team to protect your investment, physically and financially.Happy to help if you have further questions - best of luck to you!!

After physically meeting some local BPers here in Indianapolis, and throwing this idea around, it seemed to stick more than I reckoned it might.If you're reading this, the title must somehow relate to an all too real experience, especially with OOS folks.

I know this factually due to the complaints filed against him with the city, the physical state of the property supported those claims (alongside some illegal and very not to code electrical), and conversations with multiple tenants at multiple properties. 

Not to mention, even if your property manager requires a tenant to physically hand in an application, you won’t have to be there during the drop-off.You will, however, have a say in whether to approve the tenant or not, even without having met them in person.4.

@Stephanie Reynolds Will you be physically managing/building the property or delegating? 

The property was built in 1975, so there may well be some deferred maintenance going on. 

But what if the units are not physically connected?

Again, start with the end in mind, put yourself in the shoes of your ideal guest (even if it’s not what you’ll get to start), and base your bed choices off what arrangement suits them best (and your physical space allows).

I did plan to wait to purchase any pure investments until we were there and I could physically see the areas involved.

There may very well be safety problems, too.If you want a way to use that basement space that adds income, find out what you are legally allowed to do and do that.