The property was in horrible condition, pet odor, lots of deferred maintenance etc.

Passive income is certainly the name of the game - building a real estate portfolio and creating generational wealth are key ingredients to long term holistic financial health and success.There are fantastic real estate investment opportunities in various markets, particularly in the Midwest and Southeast of the country. 

The medical and behavioral health, and helping sectors is one of those sectors.  

Yes not just for cash flow but for the health of the deal.

Throughout the year I come across situations where people need to sell there home due to a variety or reasons, job loss, income loss, health, divorce, etc.

The property was in horrible condition, pet odor, lots of deferred maintenance etc.

If not, take this moment to adjust, including in case of divorce, mental/physical health, etc. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I would check out airdna pay for a monthly sub for a bit, it really helps paint a picture of the health of a market. 

The owner, a family member of one of our buyers, inherited the property through probate, but they weren’t equipped to handle the renovation.The house had been left in disrepair for quite some time, with the previous owner struggling with mental health issues.