I realize this model doesn't scale very well beyond more than a few houses at a time, and only a handful per year, but at this point in my life, I'm ok with that. 

When you do those interest calculations, you neglect that the 10 year note model costs you $72,000 over 10 years in potential cash flow (very simply multiplying current monthly loss times the number of payments, I understand that this is overly simplistic).

Your liability could potentially run into hundreds of thousands if contamination is found after you take possession.

PA Landlords may retain possession of security deposit for tenant’s breach of lease.

It just doesn't fit my business model.

I am practicing my financial modeling skills and reading up about real estate. 

U-pick farms) and the visitor got injured and sued, they could only sue the farm business and not be able to get the most prized possession of a farmer - the land!

It seems counter-intuitive and may be counter-intuitive, but if you think about building a scalable business model, this is one way to force that.

Got home and ran his name through local county database..........it was like he went ******* crazy one day:Unlawful discharge of a firearmAttempted kidnappingViolation of order of protectionResisting arrestFelony evadingAssault with a deadly weaponIllegal possession of a firearmPossession of methAssaulting a police officerAbout 5 misc traffic offensesNot bad for one day's worth of charges.Now I always carry when dealing with the rentals.

Also, when setting up a tenant, you can setup "custom fields" for their driver license #, SSN, vehicle model, move in / move out dates, etc. then generate a report with all that info.