You should hire a company who does everything in their power to place a qualified tenant, however you won’t always have perfect tenants.

An interesting play.

Does the patient have living will, Durable power of attorney, and such basic estate planning document ?

Tenants may have to wait longer to get a repair done, because you were watching your kid in the school play. 

Further, if your association is in financial trouble, getting the city involved might be a bad play, if they enforce mold issues and stuff like that.

Equity is a powerful piece of the puzzle that can't be ignored.

In fact, the purpose of the Section 8 program is to provide renters a level playing field on which to qualify on an income basis for housing.

What are some factors that are playing in my favor?

@Kaleb HenryAdd to the fact there is also a Conventional option called Home Possible where you can do 3% down on a 1-unit or 5% down on a 2-4 unit.So if you are looking at multifamily homes, if you play your cards right, you can buy up to 12 units with 5% down, 3.5% down, and 0 down, all within slightly over 2 years (since you have to live in each for a year).And if you are working with the right loan officer and realtor, they can help you with how to use seller credits together with those low down payments to get you into these properties with very little out of pocket.TYFYS and best of luck!

Many of us have watched home and investment property values sharply increase over the last decade (double bonus if you acquired one 5+ years ago) but, the current CO State Senate and House aim to close the gap between what many tenants view as an imbalance of power.