It's difficult to say without seeing the place, but my first reaction would be to leave it as is, or perhaps convert to a 2br if upstairs bedrooms are truly non-functional.

I'm generating fantastic ROI due to a combination of snapping up my properties during the good old days of 95% LTV tracker mortgages, increasing rents and falling interest rates.

To leave it with the property owner might cause some individual homeowners to lose their home but then an investor that can handle fixing the problem will be able to benefit and restore the home to functionality.

Hi @Ryan Meader I find my properties, all under 30k, by creatively using the 20 mile radius functions on realtor.com.

Was that school loans, mortgage, or a combination of things?

If the house is functional, that's a lot to spend on cosmetics to make it rent ready.

This requires fixing one basement wall that was damaged during the driveway job this spring.Moving the kitchen to the 1st floor bedroom and opening that up into the dining room to creat better flow and function.

Combine these life events with "owner-financing" and you will be amazed just how you can pick-up nice income producing properties, with little or no money down and solve your financing problems!"

Of course that is a function of who the tenants were.I wouldn't let that kind of concern sway you from buying a multi to live in.

Currently, I buy in three markets -- one is purely MLS, one is purely off-market and the other is a new market where I plan to use a combination of the two strategies.So, what is your market telling you right now in terms of how best to find deals?