If possible, I'd have the current Owner ask the tenant to lock in their rent by signing a year or 6 month lease and see what happens even though that would lock me into below market rent a while longer. 

We have been thinking about this for a long time, but finally decided to pull the trigger.

Inspect for any rot or damage periodically, and replace or repair sections as needed to maintain its condition.Potential Upgrades / Considerations: Security:Enhance security with robust locks, a video doorbell, and exterior lighting.

Get your finances locked up and know what you can afford.2.

I also think the election results will trigger a material change in the financial markets and influence borrowing costs.

I had trouble finding a bank that would do two dwellings and ended up with a loan requiring 25% down and a few upfront points with 7.5-8% interest rate depending on lock in day.

So your cash is locked up until they decide to sell the property4.

That includes a destroyed futon, broken window (the locking mechanism) and other small things.I guess it depends on what you mean by issues.

You can still find turnkey deals that make sense but you'll need to act quickly because those deals get locked up extremely quickly. 

Many months of rates moving at most a few basis points a week morphed into dramatic, massive movements—with bigger changes sometimes happening in one day than had occurred in quarters or years prior.Real estate investors navigating the challenging market of 2024—with mortgage rates still at elevated levels—are at an advantage when they can lock in financing terms or plan purchases while DSCR loan rates are favorable.