However, the absence of a renewal option in the lease could indicate uncertainty or strategic flexibility.

Does this falling yield indicate that its better to wait for the next downturn to get into this space?

But that should be a buying indicator for a smart investor as you can get some really good deals on the bigger ones.I actually saw a 5,000 sq ft cabin (maybe 10 years old) that sold for just under a million. 

Interested parties can search public records to discover any lis pendens that indicate a home is in the pre-foreclosure stage.Notice of sale: A notice of sale informs a property owner that their bank or lender intends to sell their property because they are in default.

.), so I don't think that suspending payments is unusual in this economic climate, nor by itself an indication of malfeasance.

Add maintenance/cap ex, vacancy, PM, misc and this is likely negative more than $500/month even if self managed (much more than the negative $200 that you indicate you are ok with) 2) if you are behind on mortgage, how are you going to handle being negative $200/month, or more like negative $500/month?

Especially in blue states, if you’ve gone through an eviction that generally takes multi months, it’s a clear indication of poor behavior in most instances.

If so, appreciate if you would indicate the actual cost for your project.Hi Louis, No I did not move forward with this as it was cost prohibitive for the moment.

.- OP has not indicated they will involve HOA even though multiple replies suggest doing so.OP asks for advice, but seems to ignore it.  

So, that is not a good indicator.