But just like there are good and bad real estate agents, lawyers, investment advisors, doctors, etc., there are good and bad mortgage brokers.

IE rents are 1500 and above you get first last and security so it takes 4500 to get into a house.. and they are making 60k plus a year.. one of my subdivision were I bought 4 homes is right next to the top end development in the state and so I have gotten Doctors and other high end professionals to rent for 12 to 24 months while they build their 2 million dollar dream homes..

Several of the other homes in the area have been turned into things like doctors offices, accounting offices etc.

Most Home Owners will be very sophisticated such as Hedge Fund Managers, Lawyers, Doctors, etc.

Neat topic.It is actually good to get this realization early and move on...When I rented my first place, a mid level condo rented to a ER doctor, I was really proud and told a colleague who called me a "slum lord"

So, if I targeted the "doctor/lawyer" segment (a property that is expensive to rent), I might have only one or two applicants to select from when I am trying to rent the property.

It may be even better suited for travelling nurses, doctors, researchers, etc., whom use Airbnb to find places with flexible terms without having to sign a 12 month lease... they'll pay a premium for it and you'll do well if you set the property up with that in mind.You may be interested in what @alewilliamson (Al Williamson) is doing, and he could provide some insight on helping figure out if it cash flows...

Before a spec build, which is @Karen Margrave's specialty, you might want to do a "test" of your skills first, one major rehab, graduate to tear down, then take your doctorate level to spec building.

If I'm 80 years old living here and own a property in Cali, and you offer me 90K for a 150K property and you disclose that but I still agree to sell, (I'm 80, I'm not going there, nor do I want my wife's old house, and I need money now for my doctor bills) that is not predatory dealing.

For more information on lead issues, you can contact your local Health Department, your child's doctor or local clinic, or your local Legal Services office at 1-866-LAW-OHIO (1-866-529-6446).Things to Keep in Mind°A Land Contract that does not contain all of the terms required by Ohio law can still be good.