In Maryland and DC, requirements differ quite a bit from California. 

The person has failed to pay rent after a valid notice to quit and notice of increase of said rent, provided the increase in rent is not unconscionable and complies with any and all other laws or municipal ordinances governing rent increases.")

We own and manage quite a few in that zip code and have had great success. 38109 on the other hand is a very challenged zip code so it makes investing tough.

I would test one as MTR and maybe one as STR, depending on your market.For those of us who know Sacramento, there's actually quite a lot of information to go on in here.

Everything went really well except for the fact that they sold the loan to a hedge fund before closing and the hedge fund's fees were added to the loanguys fees and it all added up quite a bit so I changed my mind at the closing table and used a private lender that is friends with the closing attorney. 

The older homes do quite well for me.

Nobody really thinks about Northern Nevada and have slept on it for quite some time.

RE is a lot more active and involved, even if you hire a PM and a GC which BTW eats up your returns.

I have never held a mortgage 15 years (or even 12.5 years) and I have had quite a few mortgages.I claim that it is better to have the negative cash flow and use the $450k to achieve a return in excess of the 6%.  

I started back when they were in Beta mode and free so I've seen them grow quite a bit.