If you are just painting and replacing carpet, you still need to move into the home within 60 days of buying. 

@Akil MitchellFrom my experience, when buying a property, it's crucial to assess local building codes, potential de-conversion costs, and permit requirements.

I wanted to build up his team, I wanted to help bring him work, I wanted to help in sales and lead generating and buy into his companies LLC.. but even that was fraudulently represented as  In the beginning he had represented himself as someone who had a team in house around 60 people, with vehicles, trailers, tools, lawnmowers, weed wackers, nail guns.. the works.

I plan to do a mini split if I buy it myself.

My strategy is buy & hold for stable cash flow with some appreciation over time. 

I am in the process of buying a single family rental, and will be inheriting the tenant, who is on section 8.

can also confirm - seeing some mid term tenants flirt with the idea of moving to Memphis. funny no one is buying in Stanton, though.

if you just buy standard, long term rentals and put them under professional property management, that is certainly viable. 

Don't wait to buy real estate.

I personally dont do any of that.. every market / or most will have an active fix and flip sector or buy and hold sector the important thing to me is the operator full stop.. great operator will do well in any market and all the national data simply is noise at least at my level. ( loaning our own money and JV deals with our own money)  we dont broker or anything like that.