We'd also, I suppose, have the option of paying a licensed/insured contractor by the job to do it, and just having a few guys to call for maintenance calls, therefore eliminating our payroll entirely as well as our workers comp costs, etc.  

I just had a client go that route instead of FHA 203k as it was less expensive, no upfront MIP, cheaper mortgage insurance, and MIP is eliminated once loan amount is paid down. 

This would, however, eliminate customer retention risk, employee risk, and large amount of debt obligation.

We paid down an extra $18k to eliminate PMI a few years ago.The tenants have been there for 2 years and may be interested in buying.

I have ZERO saved, like too many people; but unlike many people, I've eliminated my high interest credit card debt.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

There main goal is to defer or eliminate taxes due - they do not need the current income above replacing their current cash flow of about 40K per year. 

I forgot to ask - would a rehab loan eliminate some of these issues?

A few years ago I surgically eliminated the chance of me ever getting a child tax credit.