I am currently a student in college so taking on a mortgage at this time could become a financial burden if I don't find tenants somewhat quicly.I was wondering what advice anyone can offer me on the advantages/disadvantages of purchasing a rental property that has pre-existing tenants.

I understand the importance in keeping personal and business bank accounts separate, but is there any advantage or disadvantage in keeping them in separate banks?

If they all have garages then a rehabbed property without one will be at a disadvantage.

My wife and I will be staying on this property relying on the low mortgage to save up some money and this will be our first property if we do get it.)Based on your experiences, does using a VA loan bring me at a disadvantage or is that something they prefer?

I am trying to identify the advantages and disadvantages between the two and I am not adverse to spending more money upfront to form a solid foundation.

Let me know your thoughts and what advantages/disadvantages you all see with both!

You will explain to them (in person) what wholesaling is, how it works, the expectations advantages and disadvantages and you let them decide.

However the advantages for a landlord in having M2M leases far out weighs any perceived disadvantage of not having a term lease.

The advantage is that you get to earn some money toward your renovation and your property is not vacant and exposed to vandalism or lootingThe disadvantage is that you will run into a pyschological phenomenon that is difficult to get around.

Some advantages of each (disadvantages are generally just the opposite): SFR: greater renter demand, more potential buyers when need to sell (homeowners+investors), tenants pay utilities and mow grass, less funds needed to get going, higher LTVs permitted by banks, better tenants and longer tenancies cut turnover/leasing/maint expenses, more inventory available, more exits w/ possible lease/options and seller financing, more geographic dispersion possible with SFRs spread out so greater diversification if neighborhood goes bad MFR: more efficient financing (one Fannie Mae loan locks up 3-4 units), modest economies of scale (one roof), higher gross rent yields often, can possibly add value through increasing NOI, less driving around since you have more units in one place, lock down more units on one transaction vs hunting for multiple SFR deals The 100% vacant thing on SFRs is of course true and oft-quoted, but if you have three SFRs versus one 4-plex for the same amount of capital requirement, then that point no longer makes any sense; it's all about units.