They don't generally have ill intentions but aren't aware sometimes of the ramifications seemingly minor actions have on the property.The answer for me is lots of on-boarding and coaching, some tolerable inspecting, open communication and trying to align their interests with mine.

The Hawaii market is flooded with inexpensive condos, so I was aware of this when we bought into the house market.

@Alonzo Thomas The other bonus about getting involved in some aspect of the business is that you might find that you prefer some aspects over others and can develop your own business based on your assets and skills and be aware of what positions you'd like to hire team members for or outsource.

That is where having someone familiar with the nuances of each state can be helpful, since many states handle the buying and selling of property differently, or have obscure laws/practices that would be good to be aware of.Andrew

i'm aware of that @Andrew Johnson , was trying to make the point that i wasn't sure if Joshua notice the different...  50% cap or Net yield on Cash on cash is much different then even possible IRR he was referring too....If one can achieve 50% return on Cost in reasonable location its no brainier... but... its no realistic to expect that. 

If the tenant has moved and unless the former tenant files some type of complaint with the City against you for operating an illegal business, I don't see how the city would be aware of your situation. 

I am aware of investor carrot and lead propellor but just feel like those two seem a little too generic and give the feel of every other investor out there, making it hard to brand myself. 

Obviously you need to do what is required in Federal law.To Thomas's point, I am not aware of any Illinois regulation that covers this.

So be aware that if you buy a house that has been vacant for a while, this problem won’t rear its head for a year or more after you get a family in the house using the system to its full capacity.Therefore, when you buy a house that’s been vacant, plan for extra expenses during the first two years as far as the septic system goes.Hey that reminds me of a joke:A congressman was seated next to an attractive young Southern lady on an airplane when he turns to her and says, “Do you want to talk?

RE within IRA has some additional tax rules that you must be aware of.