Answering your phone calls while watching the games does not turn your living room into a home office.14-day free rent aka Augusta rule loophole.

Once, a tenant left a massive stain on the rug beyond repair.

We have had multiple phone calls with all parties, and our owner has taken time to personally speak with him as well.

Built in the last 50 years but before 1990.Currently rented for <$7000 gross but could likely be raised to >$8000.Expenses are as follows:Taxes - $13,000/Yr or ~$1083/MoInsurance - $3100/Yr or ~$260/MoMaintenance, Repairs, Vacancy, Trash Removal - ~$1000/Mo.Now, seller wants 850k & 10% down, interest TBD.

While I continue nurturing those realtor relationships (and patiently waiting for my phone to ring), I'm curious to explore other avenues for sourcing off-market deals.

Good luck- shoot me an IM if you'd like more info on my process..a little bit of background research and some phone calls can make your sq' price swing back a lot. 

This was a few years ago, but at that time as I recall they were looking to do more long-term property leases over owning properties and doing pretty landlord friendly leases where they would do repairs and even pay property taxes. 

Finding an agent, finding contractors, overseeing repairs, finding a property manager, finding tenants, etc.

We do that all the time for inspections or to make repairs. 

If you have deferred maintenance this will be future headache and a phone call from a PM company.