Ultimately the Red/Blue crap doesn't matter, it's about freedom.

The investor seems genuine and I could not find any major red flags about him online.

When you buy deep and try to reno, have a RE attorney besides you to walk through how to form teams and construct contracts to people work for you and you don't get tied up.

Places that need new flooring, paint, a deep cleaning, some yard work and so on. 

We repeat this cycle every year when we do a deep clean and seems to work great 

We advise landlords to require two main criteria:1) Household income should be at least 40x the monthly rent.2) Applicants must have a credit score of 680 or higher.It's also important to review credit reports for red flags like rental collections or high credit card balances.

And even if so, I'd imagine there would be LOTS of restrictions and red tape as to what you'd be allowed to build and its appearance - No?

Do deep research to find areas good for investing, with lots of people renting, new jobs, more people moving in, steady money flow, and chances for the place's value to go up.

We've been looking primarily in the Red River Gorge (KY) area and also in the Hocking Hills (OH) area.

It will also not raise any red flags to the underwriters that you might end up doing a bunch of work to the subject property which can be seen as added risk for them. 3.