I once had an applicant, a 32 year old woman, who was very sweet and polite, had 2 kids, was pregnant and had worked for 7 years at Walmart.

Their current and previous landlord both had good references, the previous LL had less information as it was a large apartment complex that has changed hands, but the information they had on file showed no late payments or damages upon move-out.

In the short-term complex my husband and I rented, they only charged a $300 deposit, and we never got that back, even though our exit inspection was clean.

You should also call some of the local apartment complexes and find out who they use for evictions.

I have seen something that you also have to watch out for when buying.Checking of the city and county is on old water and sewer systems.They could have deferred maintenance for decades and are looking to up average charges for usage rates by volume and gallons used.Some places I have seen go up by 40% in 5 years.The investors I talk to believe more than anything the rising utilities can eat away most of their future returns.Yes you can bill the tenants for the difference of overage used.Some will pay and others simply won't and you have to decide to evict them over a few dollars or eat it and keep from high costs of turning the unit again.It's a tough situation.Forget one house but imagine a large complex dealing with an issue like that.I see it a lot and is why the price has to be really good to compensate for it.

That's where things get complex.

If you consider using an LLC within an IRA, be sure to understand all the complexities and potential risks that follow.

Title Company - Kelley Clampitt @ Gracy Title Lawyer - DLA Piper (they specialize in large or complex transactions, some of the best in the business)

I most likely wouldn't be able to do any better setting you up than Gita and is why I prefer not to write books anymore on Property Management or for people who have such a complex Industry by being a "Jack of all trades". 

It will add to the complexity of the tenancy.