Each unit is around 1000sqft and has a screened porch and a separate stairs to the backyard. 3 units have been rented for $1000/Mo and one unit has been rented for $1100/Mo.

If you buy them right you can always weather even the large cap ex items and still cashflow as long as you are also run a tight ship with your rentals.Oh, and unit turnover often hurts your cashflow so download and read the utilimate guide to tenant screening from BP. 

During our tenant screening, I give a very specific answer when a prospect tells me they have a service animal (or emotional support animal or other another label).

You are also reaponsible for everything...every piece of furniture, broken toaster and missing pillow is yours to replace.  

The above screen shot is just a Table of Contents for the actual data for this particular property.When you setup your rental property in QuickBooks in the Fixed Asset Feature, this form will appear and you will fill it out.

We had our choice of several groups of students and didn't have a great screening system but we ended up with a nice relatively quiet group of guys.

Broken faucets or light fixtures, clogged drains, etc.  

Just make sure you do your due diligence when screening people.

The city is tough, but it really requires diligence as a landlord and screening is key.

(This screens out applicants who want more.