If there is a real estate correction, but your property is full and people are paying rent, then you can just ride out the rise in cap rates and wait for better times to sell or refinance.But if there is a recession, and 5% of the people on your property stop paying you because they have lost jobs, and renters start doubling up with friends and family rather than rent apartments because they are out of work, then you may not make your debt service.So you need to be extra careful right now that any property you buy can pass a stress test of a spike in vacancy or economic vacancy.

Sadly, there are even more who simply took courses designed tonteach you how to pass a test, rather than gain a real understanding, Its not an exactbparallel, but lets not forget that almost every person behind the wheel is “licensed”, but only a fraction can be considered good drivers.

It is hard to pass a few blocks without seeing tents.

Collect information early and then determine if you want to offer a renewal and what changes you want to make (price, term, etc.)Here's my process:90 - 120 days prior, inspect the rentalCompare inspection results to previous inspectionsReview Tenant ledger, notes, communications, etc.Study market rates and decide whether an increase or other change is dueDecide if I recommend keeping the tenant or notTalk to owner about my recommendation to keep tenant, verify Landlord wants to continue renting and see if they have any changes to their plans with the propertyIf everything lines up, offer tenant a renewal 30 -60 days prior to terminationIf I find problems during the inspection, I may give the tenant 7 - 14 days to correct the issue(s) and pass a second inspection.

I would be glad to have someone give me a copy of their Credit Karma, FICO etc, but everyone has to pass a background check, no exceptions (it's a non-discrimination thing, if nothing else). 

Codes have changed over the years so it may not even be to current code and you may not pass a safety inspection. - Electrical - this is a big one.  

Even with a sizable majority there are plenty unreliable within the GOP who talk big but would likely back down when it came time to pass a bill.

But I’ll pass, as I like keeping my early retirement and prefer staying in cash with new money.

Most deals we underwrite don't pass a DSCR test of 1.25 and therefore cannot be leveraged at our typical 70-75% LTV. 

Long term they are cash flow negative...there will be costs besides that mortgage.I do agree that insurance salesmen are generally a pass as a PM.