During vacancy, I have to incur some costs, such as property tax, property management fees, insurance, and possibly property damages from break-ins.

Properties built in early 1900s settle.

I'm curious to hear how other property managers and landlords are navigating this.Here in College Station, TX, I don't accept Section 8 applicants.

@Cole Starin sometimes it makes sense to sell the WORST property in your portfolio.Another option is why do a LOC on the duplex, when you could just do a $100k cashout refi to pay off all your debt AND keep the property?

How will the borrower know they brought a property you will fund?

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If the property is vacant, you will attract a larger pool of buyers as not everyone looking for a house wants to use it as a rental.

If the property is vacant, you will attract a larger pool of buyers as not everyone looking for a house wants to use it as a rental. 

Many states have discounted property taxes and lower yearly increases for owner occupied properties.

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.