As you indicated, make sure you leave something in the plan for contingencies (absolute minimum of 10%), and keep in mind the cost to hold during the time it's under construction and being marketed.Make a plan, check it twice, and decide if it's worth the effort. 

Keep in mind that someone has to change the trash bags each turnover. 

Nathan keep in mind not everyone is a landlord most litigation in RE is between partners and investors suing GPs etc etc. 

However, if they fail to meet any of the agreed-upon payments, I request that they vacate the property.Great suggestion.

Comparing your post to my experience thus far I feel I am in for a fairly robotic loan experience.I have yet to see the actual loan agreement, but I have requested this and will report back when i get a copy.  

Claiming a stair is defective is mind blowing, but I'm glad it didn't cost you very much.

Keep in mind, I do my homework extensively on the properties I am trying to buy at auction.

I'm less concerned with maintenance requests and collecting rent and more concerned with acquisitions and growth. 

This is often achieved with written documentation, such as a formal ROW request from TxDOT or other correspondence indicating that condemnation proceedings were possible if no settlement was reached.

I'll send you a connection request!