Rentec Direct, because:  (1) A complete management solution for professional property managers,  (2) All of the tools for landlords to easily manage properties and tenants,  (3) Order instant credit, criminal, and evicton reports on your tenants, and (4) Inexpensive.

I had one recently, took me a few weeks to get it cleared up but instantly repaired my credit. 

If you drop it to $1.00 it will sell instantly. 

(Wherever "Here" is)Looks like a correction is in the making**********************************************************************************************"Home prices are continuing to fall across an unseasonably cool Seattle real estate market, with homes that would have been snapped up in an instant just several months ago now sitting unsold.""

You would instantly save on taxes by moving to another state.

But I really wont have any instant equity.

Therefore the viability of this purchase will primarily be based on the instant equity achieved via the value add.  

Anything that I should focus on from the start, or instant red flags that are show stoppers?

You can of course simply go to MHA and say, hey these tenants are month to month and I want to raise their rent because they haven't had it raised in a while.....THey will most likely look at that....and then,, presto...instant additional cashflow.....and most likely the MHA will pay the extra amount...not the tenant.Easy Peasy

Instead of buying it and getting $30K in instant equity, I'll make about $10K in commission instead.