As @Malgorzata Sadowska mentioned, trying to buy a condo with FHA is virtually impossible.

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What is great about this deal is that the buyer has to do virtually no work to the property.

I few, such as some of the smaller rural counties, plus Lee County (Auburn University) and Houston County (Dothan) still use the old system.Under the old system, investors bid up the auction price.

20 years is a universal period of repose. 

The truth is the Wenatchee Valley is two cities and two counties and the current population is over 100,000.The unemployment numbers also look high averaging around 6% The reason for this is our median age of 40.3 as reported by the Eastern Washington University economics department.

Has anyone used VAs (virtual assistants) for help with managing properties and tenants?

We have 4 virtual assistants and we will keep hiring more so we want a "simple" and easy solution.We tried OwnerRez, but it was just too difficult for us to use and pick up fast.We tried Hospitable, which was easy to use and the VA's had positive feedback.

Here's why:Future Cash Flow: Once your debt is paid off in three years, you’ll have a solid cash-flowing asset that can provide ongoing income.Asset Growth: Property values, especially near a university, tend to appreciate over time.Debt Reduction: You can leverage the rental income to pay off your debt, essentially using your investment to achieve financial freedom.However, personal comfort and risk tolerance play significant roles.

Rent to purchase price ratios of MLS SFR in my market is virtually always below a 0.5% ratio.