If you have concerns of them doing anything illegal, you could always enable those features to help minimize the possibility.Mike

The 400k Unit (2bdr plus loft older unit great location) brings in around 40k with repeat renters and a minimal increase in nightly rates yoy as well as increase in value (looking at comps) of roughly $65k In 2 years (25-30k put in renovation so net 35-40). 

Now, I am making minimal improvements (13 year old property) and hope to go for $245K with a resale as properties are still appreciating here at a ridiculous rate.

It has a per month cost per unit but it is pretty minimal for the peace of mind and time back it gives.Hope that helps!

Yet, far from showing that you are motivated, your first post communicates that you are not willing to put forth even a minimal effort to further your education.

Never done it myself, but that's what I would do in your shoes if you can survive off the minimal pay.

Yes, screening and tenant selection are key but they are not perfect and people and their circumstances do change.In California, tenants can break leases with minimal consequences.The only time I do a long term (6month / 1year) lease is for special circumstances or if the owner really wants me to do that. 

You will need to discount the note, but if you structure the deal correctly and have strong seasoning the discount could be minimal.

Example, there is a house with minimal needed repairs and rents in the neighborhood are $1200/mo.

So whats a good way to really proof read (have help proofing) this plan of mine to find out "holes" or a lack of knowledge placed in any of the areas need to invest with smart choices and minimal loses from the start?