If there is one vacant house, the other property can still cover some or most of the expenses.Again, these are my thoughts you should go with you comfort level and risk appetite.

@Sean Gribbons I have not done it for houses but I have purchased several places on large lots and split the lots to sell off the excess land.

Silverwood has bought & sold on FCI, though sellers typically want top dollar, and be careful of excess baggage & associated problems like liens, taxes, and such.

$200 does seem a tad excessive. 

Profit distribution in excess of your wages are still taxed as ordinary income but escape self employment tax, which is 15.3% on top of income tax.For example, let's say the profit from a flip is $100k and you draw $60k salary.

We all have hedge funds/investors with an almost insatiable appetite for these loans and nearly every lender I know sells all, most, or some of their paper.Just a heads up that a local "big bank" is just as likely to sell your loan as I would be.

- in excess of $27,000,000,000,000 in the retirement account system!

That seemed excessive to me. 

Resident also agrees to immediately report to the owner/agent any evidence of water leaks, excessive moisture or lack of proper ventilation and evidence of mold that cannot be removed by cleaning."

I agree that 3 points is excessive!