I also remember UWM threatening brokers who work with Rocket.

Assisted living is usually classified as a medical/long-term care use and often requires:• A conditional use permit• Public hearings• Compliance with fire, accessibility, and staffing rulesBefore you spend a dollar, confirm the municipality will even allow the change of use.2.

This isn't like they have some life-threatening ailment, and they need to move or they will die, they decided to try and rip you off and expect you to be ok with it.

Automatically threatening to withhold rent and to call the city without the option to remedy is overkill.

For resources, you'll want to listen to RE podcasts such as BP and any local ones, read books such as rental property investing by Brandon Turner, and set for life by Scott trench.I'd also look to attend local investing meetups and learn as much as possible and network with other investors, real estate agents, and lenders 

As a local landlord, my practice was to personally change out the HVAC filters every month, so the HVAC units had a longer life-span, but it also gave me a chance to do an inspection of my property every month.

Condition of the unit at move-out4.

This has been my biggest discovery, in life. 

KeroseneIf the lease says kerosene is not the owner’s responsibility, then refilling the tank cannot be deducted.However, if leaving the tank empty created a condition you were obligated to remedy (e.g., heat system can’t run without it), some landlords argue it falls under “tenant failed to leave the unit in the same condition.”

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.