It is still full of practical tips, great forms and ideas and corny humor. 

The HOA becomes, in practice, the real landlord, while the owner simply carries the financial burden.There is a saying I hear often among Cubans in Miami: "We escaped the tyranny and communism of Castro only to end up under something even worse, the HOA".

Your outline looks solid, and requiring the background and credit check fee upfront is standard practice.

"Tactic": Simultaneous escrows and contract assignments are standard institutional mechanisms.

If someone can answer my question I left off with then it can practically be walked into why it's caught on as a network.

A lower-cost property can easily meet the 1% rule yet perform worse in practice than a higher-cost property that fails the rule but is better positioned to absorb operating expenses. 

@Anthony DiSanzo thank you, I will start practicing analyzing deals in those areas! 

Below is a practical breakdown from an operator’s perspective, with a focus on stability, scalability, and the realities of long-distance ownership.The Case for Single-Family HomesSFHs are often the entry point for self-managing rookies and out-of-state investors.

. § 240.10b-5It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange,(a) To employ any device, scheme, or artifice to defraud,(b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or(c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.

Not just for real estate but also for computer programming when I was in college.This was a matter of practicality as I had no other way to succeed.