So are you saying that agents will only want to engage when the person buys the first thing out the gate?

If it was me, so long as the tenants have been there for quite some time, they have record of regular payments, and a low tendency for trouble making, I would much rather take the paycheck than the negative cash flow  straight out of the gate. 

In reality, we end up with gate codes, garage codes, and free access to keys to Lamborghinis, Ferraris, Porsches, etc and have many credit card numbers on file to bill once complete.

The numbers look like they work out, no significant issues to address right out of the gate.

If you can finance the house from the owner with a mortgage of $1000-$1200 a month, then you are cashflowing right out of the gate with none of your own money in the deal.Every house is buy-able.  

I live in an upscale gated golf community with several still vacant lots.  

Possibly using a professional third party vendor for the pre-inspection is a great idea, give a copy to the owner and tenant Excessive holes in walls Broken tiles or fixtures in the property Plumbing backups Repainting where a tenant has repainted from the original color Tears, holes, stains or burn marks in carpets Missing or damaged blinds Broken windows and window screens Broken doors and locks Broken or damaged appliances Excessively Dirty Pest control if you see Bugs and or fleasJunk or trash left behind Past Due rent Fees incurred from fines from the association due to the tenants conduct or lack thereof Water damage to hardwood floors Missing outlet covers Remotes for garage or gate if not returned Rekey of locks if tenants did not return the keys Unpaid utilities, as long as they were part of the lease agreement Undoing a tenant alteration This is a sample of things that are usually considered to be normal wear-and-tear and should not be deducted from a security deposit: Slab or plumbing leak Normal rug wear.

.- know which area and what type of Real Estate market you would like to specialize in : "Commercial, Residential, Income Producing, Gated Communities, 55+ Communities"  etc. - get back asap to the inquiries you receive, even if it is a brief prepared message, "Thank you for your inquiry, It will be my pleasure to find the information you are looking for, and will provide you with same as soon as possible"  , then do it... under-promise and over-deliver- be part of the Board of REALTORS in your district, get to know the computer program used and practice- take part of as many classes; webinars etc as possibleThe list goes on. 

As long as the parking is gated you should be able to get around $50/mo out of each spot as-is.

I don't want to get in way over my head right out the gate.