If I were you I would get a good flavor from the tenants how they interacted with the previous owner, essentially, how they paid, how did they make repair/maintenance requests, when/why did the communicate with the owner, etc...

He made a lot of money and the developer is the “hated” villain but my initial protege knew what the land was going to be used for.  

Making the switch from STR to LTR can be a smart move if the numbers aren't working out.

I understand my error in not having a written cancellation policy and I will make sure to have one in the future.Thank you in advance! 

Having trusted boots on the ground makes all the difference when you can’t be there in person.

funds only go into interpleader after months of sitting in escrow. the court just does not hand the money to the seller either.. if not agreed upon the funds go to the state etc.

I could see folks doing new builds if they have 1031 money they need to place somewhere and they are putting 30%+ down however.Way too much sunshine in this thread about the current market conditions here in Huntsville and Madison right now. 

With all new utilities being right off the I-44 and exit 153 makes it ideal.

If I were to purchase an Airstream to use as lodging while I travel across the US to my rental properties, make repairs, and perform lease turnovers, would I be able to not only deduct fuel and campground costs but also depreciate the purchase price across 5 years? 

I was able to get my money back in using business line of credit without touching or doing anything to the property.