But governments have a habit of finding ways to squeeze every penny out of you they can get.  

Hi AdamIf you haven´t already done so, I´d get into the habit of listening to BiggerPockets podcasts - nice way to pass the time and you´ll have to be in your car a lot getting to know all these neighborhoods!

Perfectly habitable apartments to code are vacant because their management, reviewers, and inspectors can't get on the same page. 

If you are paying cash for the building, it is vital to have it insured or else you are taking the chance of losing it all.

The key is to make sure that you have the proper systems in place.You can learn more by reading David Greene's The Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team on this link here: https://www.biggerpockets.com/...

If they get too needy - make them submit complaints via written notice so that they do not get into the habit of expecting you to drop everything your doing to tend to them on  a moments notice.

-Do it every day for 21 days, it will become a habit.

Of course it depends on the condition of the property but the requirements are pretty basic to make the property habitable.

I'm going on my first year in the industry and I've learned a plethora of strategies as well as bad habits.

I have found understanding their situation has been vital in choosing good roommates for a househack.