All very unlikely.Also, I'd be highly concerned about that 18% vacancy rate you'd be buying into!

My biggest concern other than the closing costs was that if an FHA buyer tried to come buy it my understanding is they would need to wait 90 days from when I bought it and I think it would only take about a month to fix it up.

Lots of money to attorneys, lots of time lost and you still have a house that needs fixing.One word of caution, be careful of who you take advise from concerning the HVAC and drainage issues.

One of my friends is also thinking about that but what I am concerning is how about the vacancy rate for the STR and MTR? 

I think my interest is in being my own boss immediately but I’m concerned about not generating enough capital soon enough to really get this going. 

If that supply exceeds demand, you'll see prices soften, which will cause even more concern.

Some concerns I have been thinking about:1.

In fact I think truancy is a real concern. 3% of rent which if it was $2000/month or $24k/year, a fee of $60 or $600 would not be a premium, rather a deep discount from the STR fees or PM fees I hear coming from Bullhead City, AZ or LA, where they range anywhere from 10% on up.April did you use Nomad after all? 

Today I looked on another site pennymac to see the value it said and there was no information for the address of my property but when I added #2 to the address and it was able to come up with an estimate for my property.Do I need to be concerned that these apps are showing my property with the wrong address?

If one buyer doesn’t want to pay what it’s worth, someone else will.Know your market: If the market truly shifts and a buyer’s concerns are valid, it’s reasonable to adjust.