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.

A few times over the years, when I've been amazed at the purchase price and an expensive rehab, I've learned later it's a doctor or business owner with more money than sense.  

Through marriage I hang out with a lot of doctors and surgeons.  

My full time job as an eye doctor takes up most of my day but I obtained my real estate license in Maryland to help out family members with their home purchases.