@John Reagan Johnson hope you don't mind a PMC answering, but most of our clients hire us because:1) They live out of state and don't have time & expertise to remote manage2) They don't have the time to manage3) They don't feel they have the necessary expertise and/or don't want to risk learning as they go and making an expensive mistake.Go read Kiosaki's Cash Flow Quadrant book.

I've read the same thing, only buy later than 1950 and turnkey.

However, I don’t yet have the funds for a down payment on another house, and I’m trying to figure out the best option for where to live while I rent the apartment.Do you have any recommendations for managing this transition or tips on finding a temporary place to stay?

If I read the story correctly, your client did not report rental income.

reading above sounds like this is not an owner occ so forget what I wrote LOL

I say "may" because while I have read about this in several places, I have not personally verified this to be true.I usually pay contractors by check the minute the work is finished and approved.  

I often read that one should seek a commissioned sales role because your comp is uncapped and that has served me well. 

If someone was over during a high consumption month I'd give then a notice/warning for the first month along with some energy consumption tips then tack it onto the rent. 

You need to read the sheriff sale information carefully, or if in a county with a magistrate then read their ruling. 

Never heard of Vetted Homes until reading this thread.