My business partner Theresa Maskrey and I went to go look at it and it was straight out of the late 70s/early 80s with the green apple shag carpet to boot (icing on the cake).

A short term construction project would be icing on the cake for the short term but what happens when it finishes up and the jobs are gone?

I know for a fact that the Single Family Rental market here is starved of good SFHs rentals and they go like hot cakes when one comes on the market.In terms of Property Management - I would agree with the other comments above - finding a good PM is probably necessary unless you want to establish your own team down here which people do do - it just depends on how much time you want to devote to it...

Regardless of how fast the hot cakes are selling, I started to see gems.

Optional liquidity is icing on the cake.

The style addition I am looking at is quite simple, but will have to meet Anaheim municipal code so cannot be a manufactured home. 

I've been purchasing properties since 2012 but I am still afraid of buying a single-family in Florida, still purchasing condos but I see everyone here saying that there is no money on condos so I feel like I am missing a big piece of the cake lol.

Because he needs the proceeds from the now-dead deal to buy the next home, that next deal is probably going to blow up too and his deposit there might also be at risk.Just for some icing on the cake, VA appraisals are the most strict in terms of property condition. 

Since they only took 8% of rent, increasing rents don't make much of a difference for them if its a small increase (ie $20/mo would be about an extra $220/year for me and only $20 for the PM company) so I had to stay on top of them to do the increases annually as they didn't seem to care.Those were the biggest concerns for me.The icing on the cake was they botched the moveout inspection by signing off on the tenant leaving saying the property was okay but then we found the blinds were bent (tenant taped it with scotch tape so it would look okay but once removed was clearly bent), a washroom door handle lock was no longer working as it was broken, there was damage to the FOB (more than wear in tear as there was a hole in the button like it was stabbed with something sharp) and there was also damage to the granite kitchen countertop (not even sure what chemical was cause it to become rough in a spot).

@Misael Carlos Vera Ah this post might take the cake for me.