Do you have any specific questions?

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

All it takes is 1 or 2 dominos to fall in a specific market that could trigger action but agreed the banks could be propping this up from happening.

Specifically: skipping RLMO, having a balloon payment, and prepayment penalties.

When it comes to targeting specific renters, a pool will be favorable in terms of attraction but will not always have a great ROI as others have mentioned.

As for your out-of-pocket costs, it really depends on the property and your specific situation, but budgeting around 5-10% of the purchase price for these extras is a good starting point.

I've seen you post quite a few times now; I recommend listening to the first 300 episodes of the BiggerPockets Podcast and returning to the forums when you have a specific question.

I have a specific dollar amount that I keep in there for ordinary repairs, emergencies, or capex.

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

Would like to get honest opinions on where I should get myself looking- as specific as possible as far as towns.