That sounds a bit more complicated than I thought it would be as I don't have any experience.

Don't make this more complicated than it needs to be, just make sure you run the numbers first. 

And it could be happening in your market too.TOO LONG, DIDN'T READIn summary, my advice to you is to consider ALL aspects of a potential investment, regardless of how complicated that puzzle might be to put together.

I had a recent experience with a lender that baffled me and wanted to share.  I purchased a 40K home that was being used as a college rental.  Based on doing prior deals with the seller and his motivation to liquidate...

As a listing agent, I will work with buyers directly, but it's required that I make clear I'm representing the seller and working in their best interest, and it's more complicated because lines can get crossed too easily, especially where a buyer shares information they shouldn't. 

Protect your business by preparing for the unexpected.This industry is complicated.

The income part is more complicated, so you'll need to have a loan officer or broker that has experience with rental income give you an accurate answer.

Don't complicate it, just look for a service to do a mow and blow, or a seasonal cleanup, and wack everything back. 5) Find a attorney that works with landlords and get some professional advice, and for and future eviction process if needed.

As Wayne points out, if there are junior lien holders, its even more complicated.

This would also reduce your cash outlay from the beginning...Has anyone done this or does it become too complicated?