We are in our 13th year, operating in three of America's largest cities and have operated and grown in three cycles - changes of direction - for the local housing markets.  

The largest increase was 4% for a small condo that is still well below market rate.

I want to make sure I don't do something stupid or, worse, illegal.thanks,DannyBefore getting started, I suggest contacting a realtor in your area that does leasing or looking up on Craigslist for your area to see what are typical lease terms...In order to get the largest possible applicant pool, you generally want to use terms that are common in your area (ex. term, security deposit, pet deposit if any, etc.).(1) No, no need for a business account. 

We have a change machine in our largest property...MASSIVE pain...always jamming but it is nice when it works. 

A SFR is way less risky than that.3) my REI who have around 1,000 units carry between $3M-$5M limits.  4) I personally insure 7,000-8,000 units , with the largest settlement to date being $50,000.Hope this helps reduce your fears of reduce your fears of owning some rental properties.

A side benefit for the landlords is they end up with longer term tenants too.When a tenant has to write a check each month for their largest monthly expense it makes them think every month about "what could be better or cheaper out there", or "should i move in with my cousin to save money".  

Yeah, with the windows open, even the largest commercial dehumidifier will have no effect.

Area is great for young professionals/ college students right next to the second largest research park in America and a university is less than a 5 minute drive away.

Very soon I will be closing on a 12 unit multiplex in the chicago land area. my largest acquisition to date.

It's the largest part of the market, in which the overall majority of the mortgages are originated.Thanks to the rise of the Mexican middle class and mortgages, more middle-class Mexicans can afford buying properties the same kind of properties wealthy Mexicans and foreigners are buying (some of them are even marketed exclusively to Mexicans in Mexican pesos) but they still represent a tiny minority of this market.