Here are the knowns:Rent per tenant: $750 (this is below market value due to deferred maintenance, I believe $1,000-1,200 is more realistic)Property taxes: $900 per yearLandlord insurance: $1,000 per yearLandlord pays water/trash: claims to be $125 per month (will ask for proof)Landlord is in charge of snow removal and mowing lawnThere are 5 electric meters, each tenant pays their own (landlord covers hallway and outdoor lights)What I plan to ask for is the copies of the leases, copies of the utility bills, and copies of bank statements showing the tenants are actually paying on time.

It doesn't cover you as a landlord anyway.

Our business model is to become the bank and hold paper -- not own assets and essentially become glorified landlords with a borrower who may or may not pay off the contract while in the meantime who may or may not create more liabilities for myself or my companies. 

That responsibility as a landlord falls on you.

Answers are found in your state landlord tenant regulations.

The rent numbers are probably true, filled with people who cannot pass other landlord criterias and have no choice where they rent, but the house is probably borderline condemnable.

Allows landlord to not renew fixed term tenancy if tenant receives three lease violation warnings within 12 months during term and landlord gives 90 days’ notice. 

I'm in a Landlord-friendly state, most tenants respect me, and I document everything to the Nth degree so I'm not afraid to end up in court.

As a landlord, I am against rent control. 

Sure, you could go after them for damages or past due rent, but how many times do landlords actually do that?