(Second house purchased no inspection.)My mom went to an auction at the closing of a high-end nursery/gift shop and her friend bought something for higher than the original retail price sticker on the bottom of the item (discovered in the car on the way home).

Has anyone else encountered a property manager who suggested doing this?

You can too, but I guarantee that you will encounter speed bumps along the way.

We'll see what other risks I encounter along the way.

Since m encounter, my relationship has gotten stronger with that tenant and they now call me for every little thing.

Ryan if you want " armchair investor " you will encounter that more with Triple Net properties and Apartment buildings of a large size where you can scale in management and maintenance.Those kind of investments take considerable cash which is why I asked if you have say only 20k to get started with investing those are not options.If you are looking only for single family houses J Scott also a Moderator on here does those and rehabs his own in ATL.

What about a situation like I encountered where the lender made me a loan with their own money and turned around and sold it to someone else?

Brandon Turnerhey , i feel your pain on the subject.. but mostly I have encountered good tenants in the "winter freeze", so I have been willing to make the concessions needed to get the in.

.- What kind of hiccups have you encountered along the way and how did you deal with them?

The folks that I encountered were more handyman based.