I guess it can save you some time managing, for example one tax bill, one insurance bill. 

Thank you for your time and patience!

Thanks in advance; this question seems to come up from time to time 

@Michael Baum how many Short-term rentals do you manage this way where you are on call all the time?

I am set to close on it in about two weeks and am slightly nervous about finding a tenant in a good amount of time, given that there are a lot of similar new constructions in the same community that are up for rent but have been sitting on the market for 30-70+ days. 

I invest out of state because at the time, I could not find anything that would meaningfully cashflow, plus a $150k deal was a LOT less scary than a $800k deal!

Quote from @Marembo Alexandre: One property at a time.

Needs all new cabintry, windows, doors, roof (has some life left), fixtures, fencing, some electrical and plumbing changes, and some framing/drywall due to termite damaged sill plate in areas.

On Auction.com properties, it reads that it requires 100% funds due at a time of sale in cashier’s check, but time of sale is a little unclear for me.

This happens all the time, usually with heirs, but it can be squatters as well.