Pretty easy to not check this and have a failure after you close...

For example, what would the cash flow be like after you renovate and lease out at the new rates?

NY can work but watch for high taxes and regulations.For $10K–$35K properties, expect heavy rehab and limited financing options.

The homes don't have MLS sale history until they are listed after the rehab has been completed.If you don’t mind shaing, how are you financing your deals and do you do the work yourself?

After the operator exceeds 90 days in a calendar year, the conditional use permit process must be started.

I got a tenant two weeks after closing.

Plan to serve travelling nurses didn't really work out after Covid and we pivoted to STR to keep the cash flow going. 

After fully renovating both units, I refinanced to pay off the loan and held it as a long-term rental.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Granted, after 30 years the place is a pig sty, but if he goes quietly, no malicious damage, I would most likely return his damage in full.