"Worrying is like a rocking chair, it gives you something to do but doesn't get you anywhere" -Van Wilder With that being said, renting a home is investing, like all investments there is no guarantee of a good return. the only things you can do are a) keep some capital in reserve for emergencies b) screen screen screen c) diversify with multiple properties d) realize that you are only human and you will not make the best decision 100% of time...you cant always win, that's why you should hedge your risk with strong cash reserves just in case. good luck to you!  

Late fees and what you can and can't do, are also different in different states.  

Only local banks will do are portfolio/ commercial loans.

The serious students with serious studying to do are the ones you want, from my experience.  

The only repairs I am going to do are the ones that I wish to do to protect the property--this is a nice one and I want to maintain it in top condition. 

The ones that do, are the higher end rentals.

What are you going to do?

The only things you need to do are to have an assignment agreement in place with your buyer and make sure you have the attorney/escrow agent collect an earnest money deposit for the transaction that should also be documented. 

What do most active investors tend to do? 

A/O, probate, delinq. taxes); or can it be a mix between some of these to equal 1000 names?