There are duplexes being sold on the mid - upper range of that price bracket, that need a little work. 

Depends on the state but it ranges from $800-1500+ and, as Chris mentioned, we have the borrower pay for out of the gross proceeds of the loan.

The lawsuit states that the Governor of Connecticut overstepped his bounds and violated property owners' rights to private contract, equal protection, and their right from having their property taken for public use without sufficient compensation when implementing the statewide eviction moratorium.   

Maybe it's a small town and there are very few homes available to rent and there are several families that would rent there if there were available homes in their price range. 

We thought about hiring a lawyer but the legal fees were expected to be in the range of $10k to $15k and would have taken months (if not years).

This can be a game-changer for fix-and-flips, buy-and-hold investments, or new development projects.For lenders, it can mean earning higher returns, often in the range of 8-12%, backed by the property itself.

So I’d call it a wash.That puts the cap rate in the 9 range.  

The average for the small unit is probably in the range of like $25-$50/month. 

If searching on your own is not sufficient, try making a connection with a new real estate team - there are bound to be real estate teams specializing in investor-focused purchases2.

For some reason I think that this will lead to problem guests.I just don't see the need and I have never been asked.Frankly, good photos and maybe a plan layout should be sufficient.