Personally I’d go to Lowe’s and buy a set of machines that only has dials for controls, no electric, digital panel.

Local Regulations: How do local landlord-tenant laws, rent control policies, or other regulations affect investment profitability?

Typically, a seller with a low pride of ownership will be less emotionally attached to their property.

Treat it as business relationship where it is mutually beneficial not just some guy you are trying to control and squeeze every bit of "what can you do for me" out of.

It was a cluster of a problem getting one due to circumstances beyond my control but I finally found a good one.

@Deshen TangDo you want to be in control and more active, or completely passive? 

@Saurabh Patel most important - take control of your property and the tenant!

If done this way, the investor could use this as a powerful tax strategy to spread the taxable event over years, lowering the effective tax rate faced from the taxable events.I have heard professionals compare it to an installment agreement, but with more control.

It’s an ideal approach if you’re focused on minimizing risk and maximizing control over your investment.

This strategy requires careful planning, from evaluating potential properties to ensuring that your rehab costs don’t spiral out of control.