Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------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?

We have a few of these (not this brand but they are all the same IMHO) and they will help keep the sofas clean$89.90 - uhome 8.5qt Stand Mixer - https://www.walmart.com/ip/uhomepro-8-5QT-Stand-Mixer-Home-C...This is intriguing to me.

Most Class C/D areas will pencil to positive leverage, if you use generic underwriting assumptions.  

If it is a market rate class A, B or even C properties, I would say that it (basic maintenance) is something the tenant should handle considering that for these properties the tenants likely have additional resources to handle small maintenance issues. 

T/C, J/T, TbyE, the solution is the same... and the solution is to get the missing owner(s) to sign the easement agreement. 

Focus on Class B or C properties for stable tenants and cash flow.

Review your loan agreement for restrictions, and consult legal and tax professionals to ensure compliance and protect your interests.In C State, you can elect to file MMLLC as disregarded entity for tax reasons.

Quote from @Sebastian Marroquin: appreciate the comments above… but there is always a way. https://www.zillow.com/homedetails/3936-Broadway-San-Diego-C...All i did was search SD homes and in less than 3 seconds saw this home.

When you get to C or D grade that isn't the case anymore. 

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.