My markup is always lower than the original lender's because I don't spend money advertising during the Super Bowl, my president doesn't have a corporate jet, and we don't have layers of management we need to pay.

Had he simply bought the properties 10 years ago like he did and left them vacant for this entire time he would've made way more off of them then what he did trying to rent them out and manage them.

Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.

Turning the management of the rental over to a property manager can relive a lot of these issues.

Over time, rents may increase, improving your cash flow, and you’ll gain equity and valuable experience managing tenants and property operations.

Your reserves should be part of the expense calculation: PITI, maintenance, capex, vacancy, property management, etc.

Bossier partner managed property and repairs while we managed business structure and banking account setup.

Ask yourself would you invest your money with an 18 year old new investor with no experience buying, or managing investment real estate? 

You’ll want to invest in areas that have tenant interest but also aren't on the extreme end of neighborhood quality—this means avoiding the very toughest spots, where turnover can be high and managing tenants can be difficult.

Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process