agents in our markets here would be accused of dereliction of duty to not encourage or demand a sewer scope in the general course of representing a buyer..

AND try to find a market where you do not have to compete as much with 2nd home demand - a place where people go to vacation but is not top of mind for a rich guy's vacation home destination (ski town, lake house, etc.).If you are asking for the secret market that returns 20% cash on cash without any renovation or difficulty, that doesn't exist.

Relocating some part of Californian business to Reno is very smart move by CA corporation to get better tax and more streamlined cost, it does create higher job demand as well.

I have had bounced checks and bounced ACH deposits, but in all cases the tenant owned up and paid all the fees.I would demand a cashiers check immediately from the tenant plus any fees you incurred.

This will give you a good idea of the supply and demand as well as the standards in your area.

New builds typically tend to appreciate faster and demand a higher rent than average for an area compared to older units (we often see a higher quality tenant(s) in new builds as well).If you were to buy an already built 4 plex are you expecting any immediate or mid term rehab and what are the projected rent rates and rough estimate for annual appreciation.

Two things to consider to help you create as much demand as possible: make sure you have a washer/dryer available.

If you're just putting them into a mid-term rental agreement though (at a higher rent) I would demand a double security deposit and get them in there. 

There are variables that can have terminal rates lower than initial rates, supply and demand as well as interest rates are a few.

Many states now require new funds and do not do pass through.. its the reason we all are in business us bridge lenders.. also I know in Oregon the title companies demand a full profit disclosure to the seller.. they don't want to be sued for participating in a secret or unconscionable profit act.