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

Our first rental was a medium-term tenant through Furnished Finder, which brought in $2,100/month for 7–8 months on a furnished lease.

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. 

(Loan App, ID, Bank Statements, Entity Docs, Leases, Experience, Credit and Background Reports, Third Party Title and Insurance contact info) Once reviewed and all documents have been clarified, submit to the lender. 2.

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.

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

The property was leased quickly after renovations to qualified tenants, creating positive monthly cash flow from day one.

The property was leased quickly after renovations to qualified tenants, creating positive monthly cash flow from day one.

Real Estate really builds wealth off of leverage since the tenants pay the mortgage.On the positive side, ground leases are amazing in theory.

If the appliances fail, you are bound by the lease to replace them and continue providing that amenity as part of the tenancy.I rent the appliances separately to the tenants (I buy them used) for $70/mo. for the pair or they can supply their own.