A fixer upper would be more likely to get a deal on.Certain areas like Orlando are very saturated and therefore competitive to keep rented at a good price.Research insurance premiums because they have gone through the roof in Florida and other areas.

You also become responsible for making sure your tenant has a livable space - keeping all the major systems up and going - so hot water heater, AC, the roof, electric, plumbing, etc.  

Prior to purchase the roof was replaced as was the water heater.

Document every aspect of your project to analyze what worked and what didn’t.Networking with other flippers and industry pros can also provide valuable insights.

I am confident in that market.I am okay with the challenge of it being harder to manage a few different units at the same time - and I would be on-site at least for a year.Investigating the market is simply a time and money aspect.

What I have noticed around Stuttgart is that purchase prices are through the roof but rents are still relatively cheap so it's hard to get positive cash flow.

I know of only a few people that own rentals as a secondary aspect of their primary business.

Their latest property which the flat roof addition of the home has absolutely no pitch (shingled) which made me think of the R905.2.2 Slope section of the IRC.

The roof has been replaced once but still leaks.

Theoretically, if I did enough work so that it fit my needs and lived in it as my primary, would I be violating any laws or aspects of an owner-occupied loan?