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Updated about 6 years ago,
Found my 4th rental property
Back in 2014 I found 2 properties that I went back and forth on. Across the street from the property I ultimately did not buy was a vacant house with all of the "I'm a foreclosure!" It looked to have the benefits of the house I bought in 2014 with the better location of the other. Sadly it was not for sale and was just sitting to rot.
FFWD to December 2018 and it's the-economy-has-recovered prices I found a "meh" of a house at the right price in a good location. My inspector examined the attic in 3 places and found 3 places with big termite damage.
Defeated, I decided against it and while in the yard my real estate agent checked for anything else in the area. Found one. We drove over and it was that house left to rot from 2014! Went inside for the first time and immediately said wow. Unlike the tenure house I could not stand and palm the ceiling. It's a 2/2 but the bedrooms are big, it has a garage, the kitchen is dated but in great condition.
The main issue is that it has a back porch that was turned into a family room/extra room combo that is not in good condition. Worst case I destroy it and it's still a song house!
The best part is that House #3 was initially rented by 2 brothers who kept meticulous care of the house. One brother moved away, and had returned and wants to rent a house from me come mid-March.
I hate to jinx it, but everything seems to be working out here. Most bizarre is that to compensate for the low price my agent is doing an aggressive time schedule, and my inspector (who is family) just happens to be inspecting the property across the street tomorrow and put me in his schedule!
I'm not much of a paranormal guy, but damn if this house doesn't seem like it's been waiting for me.
It's closer to me than my other properties that are close themselves!