My plan is to buy and hold.I have read on other posts about this problem and some are able to use things like hydrojet or root killer flush with copper sulfate to hold off needing any repairs.

@Marcus GonzalezMy recommendation would be to start investing at a more basic level.

Clear goals will help you make the most of these great networking opportunities.Best of luck, and I look forward to hearing more about your progress!

Agree that it is better to stop the bleeding, rent it at the lower rent with a term to end in a hopefully more favorable renewal time.  

@Shannon Mogilinski I'd love to learn more about your meet-up!

I'm starting to investigate more creative financing options to scale faster in 2025 - 2030.

Their concept is not new and has been around for ages with people renting rooms in college towns and more expensive markets (NYC, LA) however this is a centralized more hands off management approach to self managing by letting them do all the heavy lifting for you which allows you to scale in less time so yes the concept definitely works and even better with their technology behind it.

I am going to send you a message to get some more information :)

Do you prefer flipping for a quick profit, or do you take a more long-term approach with rentals?

I do have experience with significant home renovation but for a personal residence, based on my experience with this I would prefer to buy a property built after 1970 if possible but not sure if that's realistic, the only deals I could seem to find from the MLS are very old houses which I know often brings more challenges with the renovation.Would appreciate any references or suggestions anyone has, so far I've only invested in rental properties that were already in good condition bought with a loan.