He also had very little experience with indoor plumbing and flushed some very interesting things down the toilet and the sink drain.

So if it's to be divided 4 ways she actually divides 5 ways and she pays the extra 1/5 and tells them that's to cover anytime someone might have used a little more than normal so they don't feel like they have to pay for someone else's use.If I can give you one tip it is to ensure your toilets are in fantastic shape before you rent out the unit.

If these dont pan out I might just starting look where you suggest.

My agent is going to contact her real estate attorney to see how this is going to pan out.any suggestions or if any of you have gone through this before please share your experience.

In your first bathroom pics, why didn't you move the towel bar up from 6" above the toilet?

Another blatant problem is that last time I checked, a landlord cannot disable credit card payments, which are by magnitudes easier to reverse than ACH payments.Using Cozy for rent collection is a bad, bad idea.Also, many tenants who used Cozy and are unhappy for whatever reason, or for no reason at all, will google how to get their money back, many will find this thread, and know what to do: Call their credit card company (for CC payemnts) or their bank (for ACH), and say the magic words "payment unauthorized" after moving out (or before) and boom - 2-3 months of rent are down the toilet for the landlord.

If this deal pans out in real life like it does on paper, I MIGHT be back but right now, I'm currently looking elsewhere.  

The toilet was running and they never reported it they were also having issues with the sewer drain plugging up and sometimes backing up into the tub which they were able to fix on their own most of time but obviously the issue was never resolved because it kept coming back.  

Better to spend lots of time at the big box stores getting to know what lumber, drywall, paint, interior doors, base and case, windows, cabinets, toilets, tile, etc cost.

Buy a bond fund for 7% zero hassle no renters or toilets (stock market).Or buy into a turnkey and maybe make 10% plus appreciation, maybe more.My SFRs here in Atlanta run 15%.I'll take back my concern for your cap rate.