Any successful Landlords on here??

Ive rented my basement out while I lived upstairs. The extra income and write-offs were worth it to me, BUT I lived upstairs so was able to keep an eye on the place.
Also if I ever did it again, I would ask for a criminal/record check. If they balk at it, then they dont get the place.
Also not sure if you can put a clause in the lease that if the Po-Po show up for any reason they can be turfed immediately.

Distance from where you live to the rental property may be a deciding factor as well.