You said you're trying to buy the house from someone who is in foreclosure (not yet foreclosed on).  

Inexperienced investors rush to buy these properties, only to find themselves with a heap of trouble.

I think we all know about the importance of black out curtains and a comfortable bed and linens, but after buying the wrong product, I have learned how important a good vacuum is to many travelers.

.- If interest rates remain high, this is further upward pressure on rents in the near-term, as the alternative to renting - buying a home with a mortgage, is expensive - this should increase demand for rentals. - Rents are also a function of supply - 2024 saw the most new construction of multifamily units in American history (nearly 575,000 estimated 2024 deliveries of new multifamily inventory), and 2025, while not a record setting year, will see deliveries top 500,000 again - a huge supply increase. 

For the immediate time, I'd love any contractors and handymen suggestions, but eventually, to work with agents to buy and sell in the area. 

Question is where are you looking to buy? 

I can completely give up on homeowner’s insurance and just buy landlord insurance? 

It becomes risky if you buy an investment that won't pay you back in year one so having a strong buy box and knowing your numbers is key!

12k rehab does not buy much..)Selling this type of property is a lot harder than one might think.

Rather than her buying a rental (which was an option), she put it in a savings account.