I ran the numbers, and everything checked out—the comps made sense, the cash flow was solid, and the upside was there.

It wasn't in this condition when I checked it a few months ago.1) holes in walls and bad patch job2) They super-glued a faucet knob which now doesn't work4) They bent a towel rod5) They dented the stove vent hood (needs to be replaced)6) They stained the butcher block and it cannot be repaired.

That acts as a check and balance against vendors and makes sure you don't become too singularly dependent on one party.

Are there tools (i.e RentRedi) that you recommend using for LTR tenant screening, rent collection, background checks, etc?

@Devakumar Sai Chinthala There are income limitations for passive losses, you should check with your tax professional.What will the property taxes increase to after you buy the property?

You can double check the info by calling the lender/servicer

Other possible issues I may encounter with the address is with my home insurance, car insurance, and if the FHA does a check to see if I'm residing at the property. 

Again, check with an attorney.

check your state laws.

When I check local real estate listing it’s evident that a number of these properties for sales are former airbnbs that were purchased in the last 2 years and clearly are not worth holding onto for the owners.