They might have a little trouble in the first few months, but the long-term potential of the places was too much to pass up just to try to time the first few months of rent.

This should be a 100% pass and do not even read further.2.

Also, the structure is with interest only payments for 10 years... is that by design or is that needed to pass the minimum ratio to qualify for the loan? 

The issue is that passing on higher property taxes to existing tenants takes time.

Remodeling homes into something distinctive and desirable, like entertainment-centered properties, can definitely set you apart in the rental or short-term rental market.

Plus, having an income-generating property while living mortgage-free in Sacramento could offer the best of both worlds.But hey, I get it-sometimes a debt-free life with no tenant hassles is hard to pass up.

Law was passed to monitor and prevent money laundering.   

A number of contractors have told me though even if a house can pass most points of an inspection, but once an occupant (the tenant) is living there and putting daily stress on the house, things start to malfunction.

For my first deal, I think I’ll pass on this.

My thought is to attempt to purchase to flip after his passing).