I really appreciate iGet a payoff with lenderGet repairs for FHA appraisal passageSee Cashflow with rent vs PITIBuy sub 2 and a note no paymentsLook at a TIC, tenants in common contractSee if @Bill Gulley can expound on the deal possibilities

Also, I am not sure but based on simple common sense, new build makes your documents show "2016" as year built vs 1920 if you remodel only.

Some of advice that is a common theme among all the resources and discussions is this: "You make your profit when you buy a property, not when you sell. " and "Buy under intrinsic value."

Now what is legal, and what is common are two different things - you make your own mind up about how to get loans.

There are also sandwich lease option deals (a "hard lease option" that grants you the right to sublease), MLO (master lease option), and TIC agreements (tenants in common).

Good enough equity, trust, and a nice fat n juicy interest rate?

All common areas that your tenant will be reasonably expected to use must be done.

Underestimating the Importance of Allocating the Time and Money necessary to Fix the Problem.These are the most common reasons, but certainly there are others.

It's easily scalable, and a large number of ready-made growth solutions exist because it's a common software. 

I have been told that the common areas such as the hallways, stair cases, any outdoor lighting have to be put on a separate meter when renting out a multifamily home.