Although, this is one of the toughest cash flow markets I've seen you can still occasionally find deals that make sense when combining strategies such as value add and rent to own, or short/midterm rentals.

You’ll get clobbered because big ticket items needing to be replaced and occasional updating or make ready turnovers between tenants will cost you many thousands.

In CA, landlords provide microwave, ove, dish-washer, washing/drying machine and gardening.Let me know what you think.

My cleaners found proof of Arbitrage (2 IDs left), smoking (marijuana found) and my dish washer is broken.  

I'm looking at condos that are part of hotels/resorts, for occasional personal use (I travel a lot and need a place to come back to), and to have STR income when I'm away.

Paula Pant also has a good perspective on the topic and touches on it occasionally in her podcast, Afford Anything.

Refi puts about $17K in our pockets now but literally EVERYTHING is new so it shouldn't need much except the occasional repairs here and there.  2) The property sits on a double lot. 

Some of the owners in that area own a dozen or more houses and occasionally sell them off in packages.

These days, I buy notes occasionally, but only when the case is already filed and completed. 

We know that houses are going to need a furnace/roof/hot water heater occasionally.