However, it's essential to ensure that the property's condition aligns with your investment goals and that you have a clear plan for any necessary renovations.Fix & Flip :Freddie Mac properties can also be suitable for fix-and-flip investments.

You are going to have to refund them 100% of the deposit when they move out because you have no idea of the condition of the home. 

Physical inspections can reveal a lot about the condition of the property.

We were able to create a great coworking lounge as well as build out a great entertaining space on the rooftop for stargazing, yoga, movie nights, dancing, great food, drinks and ocean and city views.It was in decent condition, just a lot of deferred maintenance, Has appreciated.

I’m also a long term equity guy, so just having tenant pay my mortgage is enough of a deal in current climate.On the positive rents are very high for this area and even this time of year when normally I’d see no leads for an open unit I’m seeing 1-2 a week for unit we’re remodeling.Good luck in the search and congrats for doing it yourself.  

I’m building a tech solution that should drive more buyer leads to an agent’s pipeline.

I have to close, apply for a conditional use verification, get inspection ( requiring wired smoke detectors, other safety features) and get a business license.

If forced to cure - and it will be a condition of remedy - the tenant can take action against you for damages from leasing an illegal property. 

Make vacating the unit a condition to close in your offer.

Quote from @Scott Tennell: What creative financing strategies have you found to be the most effective in today's real estate market, especially in terms of working with sellers or investors in challenging conditions?