Also, being so much experience on the northside...I would love to pick your brain on leasing and management. 

Daughter could not be available 24/7 so we both ended up agreeing this wouldn't work for either of us.I later learned that FAIR HOUSING requires a lease in the natural language of the tenant under most circumstances.With inherited tenants, you will need to find one of them to whom you can pay for translation services.

At that point, you would have to wait until their lease renews.  

Some cool benefits include expense tracking (per property), the Lease Indiciation Tool (helps predict the likelihood of a tenant renewing the lease giving you the chance to renew early and/or increase monthly rent if you know someone wants to renew), Tenant Communication (via their app), Maintenance Requests, Tenant Payments, and more.

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

For example, when estimating potential rent, review what similar properties nearby have leased for.

Check your electric is sufficient to handle the new units and if those units would be on tenant electric you would need to compensate them until you were at lease renewal as they have a utility included and you would be changing to non-utility included which shifts the cost to the tenant.

Yes, vetting is such an important step because it helps to reduce costly mistakes and minimizes risk, whether it’s in real estate investing or for someone like me partnering with investors for a long-term corporate lease.

Lenders may ask for detailed rent rolls, leases, and historical expenses.

The con's are that you will have to handle leasing a little more often but you still have the option to Airbnb during that time period to find another MTR tenant.