Closing in an LLC (commercial loan) vs closing in your personal name/conventional loan is something that I would encourage you to look at.

It also depends on how old the property is.........It also depends on what your PM is doing to drum up business.....If you have a PM that "encourages" tenants to put in maintenance requests....the tenants will do it, because the tenant doesn't pay for those requests. 

Material means dollars, quality, meaningfully improved service, etc. 

(There's plenty of other posts on BP about those types of arrangements, and here's some additional reading too if you're interested: https://www.avvo.com/legal-answers/can-landlord-require-first--100-of-any-repair-paid-437564.html.)For what it's worth, I don't personally like those type of arrangements because I feel it encourages tenants not to call for repairs since they know it's going to cost them money. 

And possibly a small percentage.All of these ideas from everyone are very encouraging/thought provoking for me.

However, as you can tell from the PPT, the home prices are very modest, and I have a pretty high income, so I could weather some rough times if needed.Any advice or encouragement is appreciated.

I mean, I don't want to encourage you to do something stupid! 

Williams for your advice and encouragement.

Seems many big cities where irresponsible politicians and activists have been coaching and encouraging bad behavior, LL will have to mitigate risk in those areas with tighter screening.  

I don't object to it and encourage it when tenants ask, as long as the total amount is paid on or before the 1st of the month due.