If you decide on the Midwest, I recommend not buying Class C 100 year old homes (what I did)  - there are issues with things breaking down, crime (stolen AC unit). 

There are lots of issues that can pop up that are out of your control with the HOA but affect your guests. 

I haven't had a single issue or complaint at any of my units in 10 years.

The large scale BRRR can be tricky, but having a JV from the start will help.My clients down in GA are doing well with a BRRR centered strategy, but focused on one, or both of these things to cash flow quickly:1) 2-4 unit properties2) Section 8In most lending circles, your 2-4 units are going to be classified in the same category as a SFH, so to rehab a hand full of those, you don't take the same kind of rate hit as the 5+ unit properties, but you also don't have the same kind of "experience" issues as you do with larger developments.

And than family issues happen.

The issue with the floor is that the soft spots are likely caused by leaks in the plumbing under the floor.

Does Vesta profit when the $5,000 lien is issued as a tax deed for $20,000, or is the person bidding on the lien trying to protect the potential profit?

SFR is 2100 sqft over two floors (one is basement), both floors are fully-finished, water pressure is not an issue. there is no other rehab in the main house, so we will have to cut into the ceiling for just the retrofit.Thanks a ton!

Would the property and the loan being in my name be an issue?

That way if you have any issues collecting rent you can contact parents as well.