But they can easily turn on you if they are run poorly.I personally love condos, because I don't want to worry about a 20K roof repair, or exterior structure / lawn care.  

If you make sure your property is as close to the 2% rule as possible, the property will take care of itself vs. you having to pay for someone to live there.  2% ex: buy for $50K and rent is $1,000 per month.  

They add a PO # to each receipt during checkout so I am able to carefully scrutinize all purchases later on.

In many cases the sun and warm weather takes care of it before the tenants get around to it.

In fact, we will probably have to get hold of an immigration attorney before we move, as there are strict requirements for any foreign citizens applying for green cards.

@Joe C. Are

I feel like my buyer got an exceptional deal on this home, mainly because I wanted the security of having it sold and at the earliest possible settlement date.I could easily see how a seller who doesn't care about their reputation would be more likely to cut corners and skip on some small details in this scenario.

Our potential plan is to co-finance the construction of an ADU for short term rentals as 50/50 partners and then split the profits interest.

I was told by the seller's agent that the seller "doesn't care if he sells it or not", because it's a solid earner and zero maintenance.Any thoughts, one way or the other?

Positives:-Cheaper price "per door"-Lower taxes-Higher cap ratesNegatives-Much harder to control rehab/turnover costs-Much less control-No manager ever cares as much as you do!