Sometimes code compliance in urban areas.  

We wanted to know we were protected and I had his assurance in writing that we would be able to cancel specifically when finding mold before we signed the contract.

They've paid on time four years and counting, and assure me they have no intention of leaving anytime soon.

We have paid a lot of money to attorney's to set up our business systems, make sure we are in compliance, make sure we have the correct verbiage, leases, management contracts, late fee's, 14 day notices, etc..If you are self managing, you can pay a property manager for already incurring that expense, or you can pay an attorney to get you set up, or you can wing it and pay legal fee's from your tenants attorney's when the sue you LOL. 

Check into the compliance on that.

The compliance components and fees are MA are also relatively low so administratively its a good set up.

Only having live bait (a human being) sleeping in the bed nightly, and no evidence of bugs in the climbups, and a clear sniffer dog test, can assure you that they're gone - and that's only if it's a freestanding unit. 

The property could already be in compliance & easy breezy or you maybe getting flood surveys & elevation certificate & an extra layer of permits

Its very much a hands on operational business with significant regulatory compliance, no insurance coverage.What rates can you charge in this market?

It will give you the basics to start with, it will make investing much easier and you'll have a better understanding of investment strategies as well as the legal and compliance matters, :)