This is the heart of the reason housing isn't mroe affordable, that landlords bear these types of costs every day.You could probably find cheaper labor, especially to haul away the junk, but not easily as an out of state investor. 

It is called a landlord tenant account.  

Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck!

The biggest hurdle I see with arbitrage is developing a pitch to use when approaching landlords, which you can probably do with a little research on BP and ChatGPT.

If you decide to sell it after a Padsplit conversion, you can't sell to traditional homebuyers or long-term rental landlords.

@Emily Shin landlord experience is invaluable for a career in rental real estate.It's not something you may want to do long term, but the experience can help you select and manage PMCs.

Your rental pool is larger with smaller rents than with a SFH.  

Know your responsibilities as a landlord instead of acquiescing to every request or complaint.

Look, I will try to simplify this: We have 3 parties money; (a) the landlord investor, (b) the lender giving a mortgage for purchase money, and (c) the tenant paying for use. 

However, I read some bad reviews about them. 10% service fee from landlord, plus 8% from tenants.