Hello,I just bought through my LLC  a single family residence in Bucks County, Pa. which we are going to rehab. and flip.I always GC my  projects and use sub. contractors.

Well, it depends a lot on how much your tenants care about their Credit Score.Sadly most Collection Agencies I've worked with tried to "make a quick buck" meaning use scare tactics to make the tenant pay before formal litigation.

There are a number of people who post here who will likely provide way better bang for the buck. 

We have an example of A 10 acres ag exempt + Equestrian Is $8.95 in property tax, once you build the house that one acre is considered SFR while the other 9 Acres will stay ag exempt.It may be the best bang for buck a buy and hold opportunities out there, low carrying cost with a huge upside, especially in this part of the real-estate cycle.

If you want to do it as a hobby or only make a few bucks on the side, then pay cash.

They are attracted by nature, affordability and bang for the buck.

Looks like a million bucks and takes just a few hours to do a whole dresser or dining table.

To your point, the idea of renovating the existing property may not be the best approach, best bang for buck.

Spend a few hundred bucks to get it right.It's legal.

@Jake Chial, I will echo Amanda here- Panama City Beach has, for ROI, one of the best bang for your buck in STR.