Down payment should be about the same (20% on a buy-and-hold) but you'll see an additional $3-$6k on average in CC and the ability to keep it off of your DTI/Personal credit along with hopefully no more hard inquiries on your credit (many lenders will accept/perform a soft pull).

Quote from @Benjamin Finney: Chris, interesting niche on non-performing mortgages/ rtl's.

He had performed virtually no underwriting.  

I know they’re an essential tool for analyzing a property’s financial performance, but I want to ensure I’m approaching them correctly.Could anyone share examples of what a good T-12 looks like or highlight key items I should make sure are always included?

It’s been a strong performer ever since.

Transaction volumes will continue to be slowed, but homes that are priced in the $160,000-$250,000 range continue to perform best right now for resale.

Haha, but you know what they say - past performance is no guarantee of future results. 

If it is later found to be the work was not performed according to code or properly repaired, we will seek damages from your firm since you knowingly hid this from us and would not allow us to understand the extent of the damage which occurred behind walls.Thank youThis way you are putting them on notice that you were aware damage occurred and they did not allow you to properly inspect it.

Must've taken a day's worth of labor to complete that exercise. 

Here's a quick breakdown:Unforeseen Property Issues: Hidden damage, bad tenants, major repairs – these can eat into profits.Vacancy Woes: Empty units mean lost income, impacting cash flow.Market Downturns: Property values can drop, affecting your investment's performance.