Hopefully it won't be long before I need to employ what I find for my first income property. 

He even showed me the elaborate outside doghouse that belonged to them.  

Areas that would be good airbnb properties for short-term rentals... but have good potential to eventually be longer-term buy and hold units.I typically like 2/1, 800+ sq ft, but would be open to seeing 1/1.

I belong to DIG (diversified investor Group).They have monthly meeting and have speaker and talk about real estate.There is one new week in Phoenixville next week.The fist meeting is free.You can find out on meetup.com or go to DIGonline.org.Thanks,Joe Mulcahy

I am in the camp I do not trust management companies they fall short of my standards .I say make it a full time job your name will become known as a solid owner of properties one result will be longer leases .More time to keep adding to your portfolio too.

I'm pretty sure you can rent it (if 5% conventional) and apply for another loan as primary for 5% down again.The process may be longer than if you get conventinal loan with 20% down but you are spending less money in down payment.I'm thinking of the doing the same.

A house belonging to one of my parents who passed away several years ago is in desperate need of rehab.  

I hope that our examples and discussions help some of you out there who are trying to figure out where you belong on the spectrum between myself and Bob.Happy investingErik

I purchased a townhouse at a tax sale in Dallas County in this month sale, the house appears to not been occupied, I driven by at night and never seen any lights on, however there is a vehicle parked there at night, I searched the licence plates and belongs to the previous owner of the house.

My strategy, whether it's for REI or my personal home tends to be longer-term.