Fort Collins did it since the 1960s and only recently created a law against it because of rent rates.

There is well developed  case law that points to a guarantor having to receive a benefit in order for the lender to hold them accountable in the event of a default etc.

I would not do this, if you don't look at the property you might buy something with a bunch of unforeseen issues.

We have sent letters to each tenant asking them to be mindful and, if needed, to let us know if they have a maintenance issues with a window or door.

Lastly, there's very landlord friendly laws here!

I find that the best deals on the market are usually newly listed (less than a week on the market) and usually the deals that haven't sold have significant issues with them.What are the reasons that you think homes sit on the market for a long time and how do you navigate the issues to make a deal that works for you? 

Did you discover the issue during the inspection period?

excess funds do not get issued until after redemption period. 

When I finally did this I found that I could invest in a market that had far better growth and for sure better landlord laws.  

Amongst other issues selling will cost you at least 6%.