Unfortunately being a rookie I went with an inspector that came from a company that had a solid website and the inspection failed to spot many items.

@Amby Bhagtani, you’re in a tough spot, especially with a tenant already behind on payments.

I wanted to have a spot to rent out and cover the monthly mortgage payments while securing a small spot to have for myself in the next 30 years for when I no longer reside in Charlotte but want to visit friends, or downsize.

Mid-term rentals could be a sweet spot between short and long term depending on where you are and what your market looks like.

Look for low spots, high spots.  

So I need to have the carpets cleaned professionally each year, and my cleaner has to use a home machine to spot clean about every month in the summer, when it is fully booked. 

My biggest concern would be the possible damage you can't see and if you only have 3 years of life on it, you'll conceivably be back in this spot again very soon.

Have any of you checked out these spots?

Keeping an eye on upcoming policies will help spot where those opportunities may lie.

Indianapolis, Dayton, Middletown, Columbus, are all great spots to buy an SFH or MFH 2-4 unit.