Because of this, they're purchasing their own supplies/materials with very minimal labor expenses.

Main goal is minimizing risk with it being our first property but was able to obtain the house for 40+% less than listing price due to our cash offer and able to close ASAP.  

There's a reason why there are so many almost identical real estate skip trace services out there with minimal or no difference in their offering or pricing.I began researching skip trace data and services in 2014 and started Skip Genie in 2017.  

Sometimes they sneak in some STR bookings during these times to try and minimize their vacancies.

Inexperienced investors should minimize the number of things that can go wrong.

To minimize risk and capitalize on different market conditions, consider diversifying your investments across multiple markets or types of properties.

If instead the house could be rented now with minimal work, you might consider offering it as a lease-purchase.

Practice your pitch!

Be willing to adjust the rental price if necessary to attract potential tenants.Implement the following steps to increase your chances of finding suitable tenants and minimize vacancies.Generating Interest and Attracting Potential Tenants:Making the Listing Take professional photos!

Don't forget you still need to pay taxes on that land (likely minimal), but also maintain it.