Most of the investors I work with are buy-and-hold investors.

What about the mechanicals and leech field (or holding tank)?

For it to work for both parties you will have to do a little more hand holding and one on  one involvement than you would for a normal rental.  

have a freshman at VT and we are looking to pick up something to hold. he is in the construction program so we would love to something that needs improvements. feel free to text me at 540.846.2673

How would a high appraisal on this home have something to do with buying a new home unless you plan on leveraging this and taking cash out and putting a regular mortgage on it.

After some research, I'm thinking it would be a good opportunity to proceed with the offer and to set aside the "free" money for use for repairs/renovations and holding costs to have some extra cushion.There seems to be much debate on the use of credit cards in real estate investing, but considering my circumstances .. 1.  

It can also work if you're planning to do an option, assignment, or double closing, because you're not taking on the risk of holding the property for an extended period, but if things continue slowing down (thank you, high interest rates), you'll want to be very careful about how much you're offering, especially if you stick to the straight flipping model, where you take title to the property and don't make any improvements to force appreciation.

@Adriana Siu real estate is a long term hold, not a trade in my opinion.

I say 'If you get in that car and drive off I'll call the police' They'll try all kinds of BS but I hold the line and say I can't control what you do, but I'm telling you what I AM going to do.

To all aspiring house hackers and those aiming for a single-family primary to hold it as a long-term rental, what are your biggest frustrations likely keeping you from jumping in the game?