:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

When a home has big maintenance needs, it probably has a lot of little maintenance needs.

I primarily invest in buy and holds, but I do a little bit of everything including fix and flips, airbnb's, mid-term rentals, and wholesaling.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Quote from @Scott Hertzog: Hey everyone,I am coming into this game a little later in life.

The #1 reason why landlords fail - according to the American Apartment Owners' Assn - is failure to manage to the lease. 

I had the opportunity to talk with the owner and he's a great guy, he did his best to make sure I was well taken care of. 

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

The biggest hurdle I see with arbitrage is developing a pitch to use when approaching landlords, which you can probably do with a little research on BP and ChatGPT.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.