You then proceed, based on state time lines, if eviction is required.You should not be concerned with your tenants defending themselves with claims you are not maintaining the property.

Researching this property, I found that their are two properties on the block that are in the process of being rehabbed, but there are also 4-6 other properties that are either REO or in pre-foreclosure, some, right not door to one another.My thought is that these are all properties that I can acquire at a low cost, rehab, rent, and then refinance to return the capital.Is there something I am missing, or any reason I should be concerned that there are so many REOs and foreclosures on the same block? 

Any other concerns with adding an RDP to title of primary res?

If I make the mortgage company aware of my plans, are there any concerns?

I see a chance to make some cash flow on this property my concern is having utilities in my name, and resale value if I leave them as is.  

My wife is concerned about not getting the return on this expense, and she agrees with Carson regarding power-washing/cleaning and repairing the driveway. 

Nuclear war could also hamper your rental efforts.You bring up a fair macro concern, but the old adage applies -- diversify.

My concerns right now are heightened because I’ve heard from other investors that share the same property manager that they’ve experienced longer than expected vacancies as well.I’m half way into a value add opportunity and the vacancies are killing my timelines.

I think a lot of my concerns are dealing with issues outside of the contract and handling the negotiation part.  

However, even without payment, there would still be a concern that you are receiving indirect compensation because you are performing services that would otherwise have to be paid for.