This approach saves you time and effort while keeping you in compliance.

I had a few properties when a lady that owned a cleaning company I had contracted with previously approached me about combining forces on a property management company.

There are so many ways to approach this model, from buying existing, to retrofitting homes, to building new.

Admittedly, my approach to these questions was more along the lines of a conversation I would have with a lawyer representing the party on the other side of the deal but much to Clayton's credit, the seeming complexity of it didn't get in the way of what was his genuine desire to make a deal that would be fair to -- and on terms that would be agreeable to -- both of us.

I've been watching Chad Carson's videos and his approach of accumulating more properties than you need, then start using that income to pay off mortgages and cull the lower performing properties makes sense to me. 

I have approached my neighbors in the past with this same problem.

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I think your best approach is to pretend you are the investor yourself, calculate build cost (mortgage with interest) + Maint / cap expenses/ management fees according to your zoning and then compare that to the average rent in that neighborhood.

I dont get wholesalers approaching me really on BP  I get the lenders like Chris is talking about and most of those are fake lenders trolling BP for victims.

Reaching out and asking about it gives them a chance to explain and shows that you’re approachable but serious about rent being paid in full.After that, check your lease agreement to see what it says about late or partial payments.