But remember, even when rented, the improvements are always added to be basis of the peopery (unless improvements qualifies for safe harbor deduction).

My renters have commented that sometimes they don't feel perfectly safe with some of the "riff raff" coming in and out especially at night.

In MA you would be required to house them at your expense while remediating to lead safe standards.

You'll want an umbrella and safe exit when it happens.

If you're willing to cut the rent to play it safe, how low do you go?

Now, the 2 bed 2 bath in Mesa in a 55+ I will soon be offering is across the street from the golf course and is $225,000 just for a comparison to the numbers you've mentioned.There is a formula for figuring a safe investment, you can use my model from the spreadsheet if you want at:Average Turnkey Cash Flow Per Door In Phoenix Metro Area No Bank Neededhttps://www.biggerpockets.com/forums/600/topics/584916-average-cash-flow-per-door-in-phoenix-metro-area

Convince these people that you can further their money, safely via real estate.

@John Warren I’m planning on doing this later in the year so I can pile up more money to be safe, but if you could recommend me to a lender that will allow me to count the rental income without any prior landlord experience, that would be great.

- Will my ONE hefty Umbrella Policy keep me safe from Personal Liability for a while?

These standards were written in the best interest of safe construction that will last for years, i.e.- the foundation will hold the structure above it, the electric is installed in accordance with the National Electric Code, etc.When a property owner decides to renovate a property, inspections are performed before the Sheetrock installed.