You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

Checking: collect all income here, then use it to pay bills.

As the CFO of a developing firm, I’m loving the play-by-play—shows how patience and off-market grit still win in a slow market.You’re spot-on about transactions dragging—non-turnkey, overpriced stuff is just collecting dust right now.

In CA (my market) the seller is required to make honest disclosure statement and you can collect for material non-disclosure.I suspect you already have learned that you need to check the status of all permits. 

Buyer as ghosted me as I suspected she would and now I've loss 30K with no way to collect.

Collecting rent, preserving the asset, minimizing vacancy.

.#2 if the owner doesn't want to buy it back, I can begin collecting rent since I control the deed in my name at that point.  

The previous landlord only collected half month rent as deposit, and I would like to increase the deposit to standard one-month.

Keep looking for a tenant - also have they already paid you through the end of he lease or you still have to collect ?

This money is still owed by the tenants and at times we were able to collect some of the money for the damages.Regarding installing a sprinkler system, it's only helpful if the tenants don't turn it off.