Even when I take the down payment into consideration.As far as 'overpaying', I guess I am probably the poster child for 'overpaying'.  

But it's been challenging balancing scaling my real estate business with also starting a new very demanding full time job and also giving birth to my second child this past year :)LOVE this.

... has never had the police call them on a Sunday night to inform them that their drunk tenant is up on the roof of their 1923 Victorian house threatening to jump down to his death if his ex wife doesn’t stop badgering him about child support and his drinking

I went from all that to having a pretty nice portfolio of rentals, most cash owned without any debt, and getting ready to retire in the next several years (undecided when).

I got tired of is this legal or not.. so you can see its NOT legal but that does not mean people will not do it.. they speed all the time.. they shop lift  they kike checks they don't pay their landlords and walk out on their leases.. they don't pay their child support all sorts of things. 

Ironically, this is a regular practice of ours - come in during the summer while the students are away and perform a renovation - but tenants are typically oblivious to it.4) When parents call on behalf of their kids, if the parent is a guarantor we will tell them whether or not their child is current with their obligations.  

What I fear is the possible litigation if a child is injured playing in the yard. 

I advise young couples to invest in a single-family rental home on the occasion of each child’s birth.

If a child drawing on the wall is the worst thing they do, sign me up. 

There was an article in the Toledo Blade newspaper recently about a case of a child lead poison and when the rental house was tested it was negative.