So depending on how much you pay for it, you can assess your cashflow.

It is not uncommon - main reason we see right now is over inflated original ARVs and now borrowers cannot sell and pay off the lender. 

Quote from @John O'Leary: Hey Remy,I'm not familiar with that program, but I'm a firm believer in paying for education. 

You get what you pay for, and a great contractor makes sure the value matches the price.6.

North side Chicago I have never even had to give a tenant a late fee and none of the tenants I have placed for clients have ever given them issues either, properly picked people pay like clockwork on autopay.

Unless you find a buyer with a very specific criteria who is willing to pay above the typical 70% - repairs.

@Chris Collins  Tenants usually pay all utilities. 

Second pro is that you get to lower your living expenses or live "rent free" by having your tenants pay for your mortgage payment.

For example, a buyer putting 20% down on a $500k home would pay around $500k in interest over the 30-year life of a typical mortgage at a rate around 6.5%.

For those investors using lending we allow 10% down - this is to help offset other fees you will have to pay - points, broker fees, etc.